The World Wide Web is an ever-enlarging community that provides new ways to gain money online. One of them 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. Thousands of domains are registered each and every day, and there are 1 000 000's of presently functioning domain names, so this is an increasing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name involves two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain two-character abbreviations that represent each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code TLD, has a Registry - an institution that handles the registrations and determines the preconditions that each concrete Top-Level Domain may involve, like the length of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact sell the domain name to clients and administer all domain name records.
Make Money From Offering Domains
Multiple Registrars have reseller programs that allow people to make money from offering domains to end customers. If you sign up for such a program, you can set up your own online business. As a rule, a domain will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The explanation is that resellers can reach more people in local communities or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domains Under Your Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will obtain a site hosting CP where you can fix the prices for the specific Top-Level Domains that the Registrar provides. Most corporations also provide billing management software and web site layouts for your virtual shop, and the automation of the whole procedure combined with the flourishing demand for domains render the domain name reseller business niche so desirable. You will either receive a ready-made site and utilize the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your very own web site and order form. Normally, you have the opportunity to select between the two possibilities, so it all revolves around how trained you are in these issues. As a domain name reseller, you will work under your very own brand and not under the Registrar's.
Make Money From Reselling Web Hosting Packages Too
An appropriate addition to your domain name reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to customers who would like to build their web page and require both a domain and a web space hosting package. Particular companies have such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice transaction software to bill your customers. You can then sell domains and shared web hosting accounts to clients, and since they offer plenty of different domain extensions, you will be able to provide domain and hosting services to persons from all over the world.