The Internet is an ever-increasing community that supplies new ways to earn money online. One of these opportunities is to be a domain reseller and sell domains to end customers, gaining profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are millions of currently functioning domains, so this is a growing trading niche that you can become a part of.
TLDs and SLDs
A domain 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 name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs are composed of 2-character abbreviations that represent each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that deals with the registrations and sets the preconditions that each concrete Top-Level Domain may have, such as the length of the registration term or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the companies that in fact offer the domain name to clients and manage all domain name records.
Gain Profit From Offering Domains
Multiple Registrars have reseller programs that enable people to make money from selling domain names to end users. If you subscribe to such a program, you can initiate your own personal Internet business. Normally, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can contact more individuals in areas or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domain Names Under Your Own Personal Trademark Name
When you register with a domain name reseller program, you will have a site hosting CP where you can determine the prices for the individual top-level domain names that the Registrar offers. Most companies also offer invoice transaction software and website layouts for your web shop, and the automation of the whole procedure combined with the increasing demand for domains make the domain name reseller market niche so desirable. You will either obtain a pre-built web site and avail of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your very own personal site and form for placing orders. Commonly, you have the opportunity to select between the 2 options, so it all revolves around how practiced you are in these issues. As a domain reseller, you will operate under your own brand name and not under the Registrar's brand.
Earn Money From Reselling Web Page Hosting Accounts As Well
A proper addition to your domain name reseller business would be to sell web hosting services as well. Thus, you can offer a package deal to clients who want to set up their web page and demand both a domain name and a web page hosting account. Given firms have such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoicing transaction software to bill your customers. You can then sell TLDs and shared web hosting accounts to clients, and since they provide lots of different domain extensions, you will be able to offer domain name and hosting services to users from all over the world.