The World Wide Web is an ever-enlarging platform that generates new options to earn cash online. One of these options is to be a domain reseller and offer domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each day, and there are millions of presently functioning domains, so this is a growing trading niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain name is composed of 2 pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most famous domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names consist of two-character abbreviations that correspond to each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code one, has a Registry - an organization that handles the registrations and sets the preconditions that each concrete TLD may entail, among them the duration of the registration period or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the corporations that actually sell the domain name to clients and manage all domain records.
Earn Profit From Trading Domain Names
Many Registrars have reseller programs that enable individuals to earn revenue from offering domains to end customers. If you register with such a program, you can kick off your very own Internet business. Typically, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The reason is that resellers can reach more persons in local regions or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade TLDs On Behalf Of Your Personal Trademark Name
When you register with a domain reseller program, you will receive a site hosting Control Panel where you can settle the prices for the different top-level domain names that the Registrar offers. Most firms also offer invoice management software and site themes for your online storefront, and the automation of the whole process combined with the flourishing demand for domain names render the domain name reseller market so alluring. You will either receive a ready-for-use site and utilize 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 web site and form for placing orders. Commonly, you have the opportunity to choose between the 2 alternatives, so it all depends on how expert you are in these issues. As a domain reseller, you will do business on behalf of your own personal brand name and not under the Registrar's.
Gain Profit From Trading Site Hosting Services As Well
A perfect supplement to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can offer a package deal to people who wish to make their online portal and require both a domain name and a site hosting plan. Some companies have such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoicing transaction software to charge your customers. You can then offer top-level domain names and shared web hosting accounts to customers, and since they provide plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all around the globe.