The World Wide Web is an ever-growing network that offers new opportunities to gain cash on the Internet. One of these ways is to be a domain reseller and offer domains to end users, generating revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are millions of currently active domain names, so this is a growing trading niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain name comprises 2 parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic TLDs include the most widespread domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include 2-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an organization that is responsible for the registrations and determines the prerequisites that each concrete TLD may entail, such as the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the firms that actually offer the domain name to clients and administer all domain records.
Earn Cash From Selling Domains
Multiple Registrars have reseller programs that allow individuals to earn money from selling domains to end clients. If you register with such a program, you can establish your own personal electronic business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can contact more clients in regional districts or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Sell Domain Names Under Your Own Personal Brand
When you sign up for a domain name reseller program, you will acquire a webspace hosting CP where you can fix the prices for the various top-level domain names that the Registrar provides. Most corporations also offer billing software and website themes for your online storefront, and the automation of the whole procedure together with the strong demand for domains render the domain reseller business niche so desirable. You will either get a ready-made web site and utilize the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own web page and form for placing orders. Usually, you have the option to pick between the two alternatives, so it all revolves around how advanced you are in these issues. As a domain reseller, you will do business under your own personal brand name and not under the Registrar's.
Gain Cash From Providing Webspace Hosting Packages As Well
An appropriate addition to your domain name reseller business would be to sell web hosting services too. Thus, you can give a package deal to clients who desire to manage their web portal and demand both a domain and a web space hosting plan. Given corporations have such options. With 'ResellersPanel', for example, you can buy a VPS or a dedicated server, and they will also give you a domain reseller account and cost-free invoice management software to charge your customers. You can then offer domain names and shared hosting accounts to customers, and since they provide a lot of diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all over the world.