The World Wide Web is an ever-increasing network that provides new options to earn cash online. One of these possibilities is to become a domain name reseller and sell domains to end clients, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of currently active domains, so this is a flowering trading niche that you can become involved in.
TLDs and SLDs
A domain involves 2 parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs comprise the most widely used domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names comprise two-letter abbreviations that correspond to each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an institution that handles the registrations and sets the requirements that each concrete top-level domain name may entail, among them the duration of the registration period or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain name records.
Earn Revenue From Selling Domains
Many Registrars have reseller programs that allow people to gain profit from offering domains to end clients. If you sign up for such a program, you can establish your very own personal web business. Typically, a domain will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The explanation is that resellers can contact more users in local districts or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Trade Domains Under Your Very Own Personal Trademark Name
When you register with a domain reseller program, you will have a CP where you can settle the prices for the individual TLDs that the Registrar offers. Most corporations also provide invoicing software and web page templates for your virtual storefront, and the automation of the entire process combined with the significant demand for domains render the domain name reseller business niche so desirable. You will either get a ready-to-use website and make use of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your very own personal portal and form for placing orders. Usually, you have the option to decide between the two possibilities, so it all revolves around how trained you are in these things. As a domain reseller, you will sell under your own trademark name and not under the Registrar's brand.
Make Cash From Offering Site Hosting Services As Well
A good addition to your domain reseller business would be to sell web hosting solutions as well. In this way, you can give a package deal to clients who wish to develop their web portal and demand both a domain and a web site hosting account. A number of corporations supply such options. With 'ResellersPanel', for example, you can purchase a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free invoicing software to charge your clients. You can then offer TLDs and shared hosting accounts to customers, and since they provide a lot of diverse domain name extensions, you will be able to offer domain name and hosting services to people from all around the globe.