The Internet is an ever-increasing platform that supplies new opportunities to earn money online. One of these opportunities is to become a domain name reseller and sell domain names to end users, earning revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each day, and there are millions of presently active domain names, so this is a thriving trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain involves 2 constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic Top-Level Domains include the most famous domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs consist of two-letter abbreviations that correspond to each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code TLD, has a Registry - an institution that administers the registrations and sets the requirements that each particular Top-Level Domain may entail, including the duration of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the companies that actually sell the domain name to clients and administer all DNS resource records.
Make Money From Reselling Domain Names
Many Registrars have reseller programs that permit people to earn cash from offering domains to end users. If you sign up for such a program, you can commence your very own e-business. As a rule, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The cause is that resellers can contact more people in regional districts or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Trade Top-Level Domain Names On Behalf Of Your Own Personal Brand
When you sign up for a domain reseller program, you will acquire a hosting Control Panel where you can settle the prices for the different Top-Level Domains that the Registrar offers. Most firms also offer billing software and site templates for your web store, and the automation of the whole procedure combined with the huge demand for domains make the domain reseller business so attractive. You will either acquire a ready-for-use web site and make use of the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own web portal and form for placing orders. Normally, you have the opportunity to decide between the 2 alternatives, so it all depends on how skilled you are in these matters. As a domain reseller, you will work under your own brand name and not on behalf of the Registrar's.
Gain Cash From Providing Web Space Hosting Solutions Too
An excellent addition to your domain reseller business would be to sell web hosting accounts as well. In this way, you can offer a package deal to persons who would like to establish their site and demand both a domain and a web space hosting account. Given companies have such options. With 'ResellersPanel', for instance, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing software to charge your customers. You can then offer Top-Level Domains and shared hosting accounts to customers, and since they offer plenty of different domain name extensions, you will be able to provide domain and hosting services to users from all over the world.