The Internet is an ever-developing system that delivers new options to earn cash on the Internet. One of them is to become a domain reseller and sell domains to end customers, earning revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are millions of currently functioning domains, so this is an expanding business niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain is made of two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-character abbreviations that stand for each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that administers the registrations and determines the requirements that each particular top-level domain name may involve, like the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the companies that in fact sell the domain name to customers and administer all DNS records.
Make Money From Reselling Domains
Many Registrars have reseller programs that allow individuals to make profit from offering domains to end customers. If you register with such a program, you can start your very own personal web business. Commonly, a domain 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 users in local communities or states where the Registrar may not be known 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 imposes for the domain name registration.
Offer Top-Level Domain Names Under Your Very Own Personal Trademark Name
When you sign up for a domain name reseller program, you will receive a website hosting Control Panel where you can set the prices for the specific TLDs that the Registrar provides. Most companies also offer invoicing software and design skins for your online store, and the automation of the entire procedure combined with the enlarging demand for domains render the domain reseller business so desirable. You will either have a ready-made website and utilize the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your very own site and order form. Commonly, you have the opportunity to pick between the two options, so it all depends on how skillful you are in these things. As a domain reseller, you will work on behalf of your own personal trademark name and not under the Registrar's.
Make Profit From Promoting Web Space Hosting Solutions Too
A nice supplement to your domain reseller business would be to sell web hosting services as well. Thus, you can give a package deal to persons who would like to build their web site and demand both a domain name and a web site hosting account. Some companies furnish such options. With 'ResellersPanel', for example, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and charge-free invoicing software to charge your customers. You can then sell TLDs and shared hosting packages to customers, and since they offer lots of different domain extensions, you will be able to offer domain and hosting services to people from all around the globe.