The World Wide Web is an ever-enlarging network that generates new ways to earn money on the Web. One of these ways is to become a domain reseller and sell domains to end users, generating profit from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are millions of presently active domain names, so this is a flourishing trading niche that you can be engaged in.
TLDs and SLDs
A domain name involves 2 entities - 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 second-level domain name.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The gTLDs comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of two-letter abbreviations that stand for each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code TLD, has a Registry - an organization that is responsible for the registrations and sets the prerequisites that each particular Top-Level Domain may have, among them the duration of the registration term or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the firms that in fact sell the domain name to clients and manage all domain records.
Earn Money From Selling Domain Names
Many Registrars have reseller programs that allow people to make cash from selling domains to end clients. If you register with such a program, you can commence your very own personal e-business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end user. The explanation is that resellers can reach more users in local communities or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will take advantage of 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.
Trade Top-Level Domains Under Your Own Trademark Name
When you subscribe to a domain reseller program, you will receive a web site hosting CP where you can choose the prices for the separate Top-Level Domains that the Registrar provides. Most companies also offer billing management software and web design layouts for your online storefront, and the automation of the whole process together with the growing demand for domain names render the domain name reseller business niche so seductive. You will either have a turn-key website and utilize the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own personal online portal and order form. Generally, you have the option to pick between the 2 options, so it all revolves around how skillful you are in these things. As a domain reseller, you will operate on behalf of your personal trademark name and not on behalf of the Registrar's.
Make Cash From Promoting Hosting Accounts As Well
A proper supplement to your domain reseller business would be to sell web hosting services as well. In this way, you can give a package deal to users who want to launch their website and need both a domain name and a website hosting account. Some corporations offer such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge billing transaction software to bill your clients. You can then offer domains and shared website hosting accounts to clients, and since they offer plenty of diverse domain extensions, you will be able to offer domain name and hosting services to persons from all around the world.