The Internet is an ever-enlarging system that generates new options to earn cash on the Internet. One of these possibilities is to be a domain reseller and offer domains to end users, gaining revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are millions of presently active domains, so this is an expanding trading niche that you can become a part of.
TLDs and SLDs
A domain consists of 2 constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs are composed of two-letter abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code top-level domain name, has a Registry - an institution that handles the registrations and determines the preconditions that each specific top-level domain name may involve, among them the duration of the registration term or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that actually offer the domain name to customers and manage all domain resource records.
Make Money From Trading Domains
A lot of Registrars have reseller programs that enable people to make money from offering domains to end clients. If you subscribe to such a program, you can kickstart your own personal web business. Typically, a domain will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can reach more clients in local regions or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar requires for the domain registration.
Trade TLDs On Behalf Of Your Personal Brand Name
When you register with a domain name reseller program, you will get a web space hosting CP where you can fix the prices for the specific top-level domain names that the Registrar provides. Most firms also provide invoicing transaction software and web themes for your online shop, and the automation of the whole process coupled with the strong demand for domain names render the domain reseller industry so attractive. You will either obtain a pre-developed web site and use the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal web portal and order form. Commonly, you have the option to decide between the two possibilities, so it all revolves around how proficient you are in these issues. As a domain reseller, you will sell on behalf of your very own personal trademark name and not under the Registrar's brand.
Make Money From Supplying Site Hosting Services Too
A perfect supplement to your domain name reseller business would be to sell web hosting packages too. Thus, you can give a package deal to customers who want to launch their website and need both a domain and a site hosting package. A number of companies provide such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free invoicing software to bill your clients. You can then offer top-level domain names and shared website hosting packages to customers, and since they offer many different domain name extensions, you will be able to provide domain and hosting services to individuals from all over the globe.