The Internet is an ever-flourishing platform that furnishes new ways to earn cash online. One of these options is to become a domain reseller and offer domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently functioning domains, so this is a blooming trading niche that you can become a part of.
TLDs and SLDs
A domain name involves two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic TLDs include the most widespread domain extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs contain 2-character abbreviations that represent each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an institution that handles the registrations and determines the requirements that each particular top-level domain name may contain, such as the length of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the companies that actually sell the domain name to customers and administer all domain name resource records.
Gain Profit From Selling Domain Names
Many Registrars have reseller programs that enable people to make cash from selling domains to end customers. If you subscribe to such a program, you can initiate your very own personal web business. Normally, a domain name will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The cause is that resellers can reach more persons in local regions or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Sell TLDs Under Your Own Personal Trademark Name
When you register with a domain name reseller program, you will have a web hosting CP where you can fix the prices for the separate TLDs that the Registrar offers. Most firms also offer invoice management software and web templates for your virtual shop, and the automation of the whole process coupled with the swelling demand for domains make the domain reseller market so desirable. You will either have a pre-built web site and use the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your very own personal web site and order form. Typically, you have the opportunity to choose between the two possibilities, so it all depends on how practiced you are in these matters. As a domain name reseller, you will work on behalf of your very own trademark name and not on behalf of the Registrar's brand.
Earn Money From Trading Webspace Hosting Plans Too
A proper supplement to your domain name reseller business would be to sell web hosting services too. In this way, you can offer a package deal to users who desire to set up their website and require both a domain name and a web hosting package. A number of firms furnish such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoicing transaction software to bill your clients. You can then offer top-level domain names and shared hosting plans to clients, and since they offer a lot of different domain extensions, you will be able to provide domain and hosting services to users from all around the globe.