The Internet is an ever-increasing system that generates new opportunities to gain money online. One of these ways is to be a domain name reseller and sell domains to end clients, gaining revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are millions of presently active domains, so this is an expanding trading niche that you can become involved in.
TLDs and SLDs
A domain name consists of two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs comprise two-letter abbreviations that denote each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the prerequisites that each given top-level domain name may have, including the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the firms that in fact sell the domain name to clients and administer all domain records.
Make Cash From Trading Domains
Lots of Registrars have reseller programs that enable people to make cash from selling domain names to end customers. If you sign up for such a program, you can establish your own personal online business. Typically, a domain will cost less if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The explanation is that resellers can contact more customers in local communities or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Offer TLDs On Behalf Of Your Very Own Brand Name
When you register with a domain name reseller program, you will obtain a webspace hosting Control Panel where you can set the prices for the individual top-level domain names that the Registrar offers. Most corporations also provide billing management software and web themes for your web shop, and the automation of the whole procedure combined with the proliferating demand for domain names make the domain name reseller business niche so tempting. You will either have a turn-key website and make use of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal web page and form for placing orders. Usually, you have the opportunity to choose between the two possibilities, so it all depends on how experienced you are in these affairs. As a domain reseller, you will work under your very own brand and not under the Registrar's.
Make Cash From Promoting Web Site Hosting Accounts As Well
A proper addition to your domain reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to persons who wish to manage their website and require both a domain and a webspace hosting package. Some companies 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 name reseller account and free invoicing software to bill your customers. You can then sell domain names and shared web hosting accounts to clients, and since they provide many different domain extensions, you will be able to provide domain and hosting services to users from all over the world.