The Internet is an ever-growing community that generates new options to earn cash online. One of these options is to become a domain name reseller and offer domains to end users, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of currently functioning domains, so this is an increasing marketing niche that you can be involved in.
TLDs and SLDs
A domain name is composed of 2 entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve two-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an institution that is responsible for the registrations and determines the prerequisites that each particular Top-Level Domain may contain, among them the length of the registration term or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the firms that actually offer the domain name to clients and administer all DNS records.
Gain Money From Trading Domain Names
Plenty of Registrars have reseller programs that allow people to make cash from offering domain names to end users. If you register with such a program, you can set up your very own e-business. Normally, a domain name will be more inexpensive if it is registered through a reseller rather than if it is bought straight from the Registrar by an end client. The cause is that resellers can reach more customers in provinces or states where the Registrar may not be known at all. 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 levies for the domain name registration.
Resell Domain Names On Behalf Of Your Own Brand Name
When you sign up for a domain name reseller program, you will have a web site hosting Control Panel where you can select the prices for the specific top-level domain names that the Registrar provides. Most corporations also offer invoicing software and web site skins for your web store, and the automation of the whole process combined with the large demand for domain names render the domain reseller industry so attractive. You will either obtain a pre-developed site and use the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your very own online portal and form for placing orders. Traditionally, you have the option to decide between the two possibilities, so it all depends on how skillful you are in these things. As a domain name reseller, you will operate under your own trademark name and not under the Registrar's.
Gain Profit From Reselling Website Hosting Plans Too
A relevant supplement to your domain name reseller business would be to sell web hosting packages too. In this way, you can give a package deal to persons who desire to develop their web page and require both a domain and a hosting plan. A number of corporations furnish such options. With 'ResellersPanel', for example, you can purchase a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoice software to bill your customers. You can then sell Top-Level Domains and shared website hosting packages to clients, and since they provide plenty of diverse domain name extensions, you will be able to offer domain and hosting services to people from all over the world.