The Internet is an ever-increasing system that generates new options to make money on the Internet. One of them is to become a domain name reseller and sell domain names to end users, making profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered every day, and there are 1 000 000's of presently functioning domain names, so this is a flourishing trading niche that you can become a part of.
TLDs and SLDs
A domain name involves 2 pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs comprise the most common domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs contain 2-character abbreviations that represent each country. Instances of country-code Top-Level Domains 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 top-level domain name, has a Registry - an institution that tackles the registrations and determines the requirements that each particular Top-Level Domain may include, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to clients and manage all domain name resource records.
Earn Profit From Trading Domains
Lots of Registrars have reseller programs that permit individuals to make money from selling domains to end customers. If you subscribe to such a program, you can build your very own personal electronic business. Commonly, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can contact more persons in local districts or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Resell Top-Level Domains Under Your Personal Brand Name
When you register with a domain name reseller program, you will have a website hosting CP where you can select the prices for the different TLDs that the Registrar offers. Most firms also offer billing software and web page layouts for your virtual shop, and the automation of the whole process coupled with the high demand for domains render the domain name reseller industry so seductive. You will either obtain 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 build your very own personal portal and form for placing orders. Normally, you have the option to decide between the 2 alternatives, so it all depends on how experienced you are in these issues. As a domain name reseller, you will work under your very own brand and not under the Registrar's brand.
Make Cash From Supplying Web Site Hosting Plans Too
A good supplement to your domain reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to clients who desire to manage their web site and demand both a domain name and a web page hosting account. Particular corporations supply such options. With 'ResellersPanel', for example, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing software to bill your customers. You can then offer domain names and shared website hosting packages to customers, and since they provide many diverse domain name extensions, you will be able to offer domain and hosting services to people from all around the globe.