The Internet is an ever-flourishing network that offers new options to make cash online. One of these opportunities is to become a domain reseller and sell domain names to end users, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each and every day, and there are millions of currently active domains, so this is a blossoming trading niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain involves 2 pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The gTLDs comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs are made of two-letter abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code one, has a Registry - an institution that manages the registrations and sets the prerequisites that each concrete top-level domain name may have, among them the duration of the registration term or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that actually offer the domain name to customers and administer all domain records.
Earn Money From Selling Domains
Plenty of Registrars have reseller programs that enable individuals to earn revenue from selling domains to end clients. If you sign up for such a program, you can begin your own electronic business. Commonly, a domain will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end user. The reason is that resellers can contact more persons in local regions 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 revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Resell Domains Under Your Own Personal Brand
When you subscribe to a domain name reseller program, you will obtain a web hosting CP where you can fix the prices for the different Top-Level Domains that the Registrar provides. Most companies also provide billing transaction software and website themes for your virtual store, and the automation of the entire process together with the swelling demand for domain names render the domain name reseller business niche so attractive. You will either receive a pre-built website and avail of the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own web portal and form for placing orders. Traditionally, you have the opportunity to decide between the two possibilities, so it all revolves around how expert you are in these affairs. As a domain reseller, you will operate under your own personal trademark name and not on behalf of the Registrar's.
Gain Money From Trading Hosting Plans Too
An adequate addition to your domain reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to users who would like to run their online portal and require both a domain and a hosting account. A number of firms offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and charge-free billing management software to charge your clients. You can then offer domains and shared website hosting accounts to customers, and since they offer plenty of different domain name extensions, you will be able to offer domain name and hosting services to people from all around the world.