The World Wide Web is an ever-growing system that delivers new possibilities to gain cash online. One of these options is to be a domain reseller and sell domains to end customers, generating profit 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 currently functioning domain names, so this is a blossoming trading niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain name is made of 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic top-level domain names include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of two-letter abbreviations that represent each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an organization that deals with the registrations and sets the preconditions that each specific top-level domain name may involve, among them the length of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that actually sell the domain name to customers and handle all DNS resource records.
Make Money From Reselling Domains
A lot of Registrars have reseller programs that allow individuals to earn revenue from selling domains to end users. If you subscribe to such a program, you can establish your own personal electronic business. Commonly, a domain will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end client. The explanation is that resellers can contact more individuals in regional communities or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will earn a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Trade Top-Level Domains On Behalf Of Your Own Personal Brand Name
When you subscribe to a domain reseller program, you will receive a web page hosting CP where you can determine the prices for the different top-level domain names that the Registrar provides. Most companies also offer billing transaction software and web site templates for your virtual storefront, and the automation of the entire procedure together with the enormous demand for domain names make the domain reseller business so tempting. You will either get a ready-to-use website and make use of the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your own online portal and form for placing orders. Traditionally, you have the option to select between the 2 options, so it all depends on how practiced you are in these things. As a domain reseller, you will work on behalf of your own brand name and not on behalf of the Registrar's.
Make Money From Trading Web Page Hosting Services As Well
An appropriate addition to your domain reseller business would be to sell web hosting plans as well. In this way, you can give a package deal to persons who wish to make their web site and require both a domain name and a website hosting package. Certain companies have such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free invoicing transaction software to bill your clients. You can then offer domain names and shared website hosting accounts to clients, and since they offer plenty of different domain extensions, you will be able to provide domain and hosting services to customers from all around the world.