The World Wide Web is an ever-developing network that supplies new opportunities to gain money on the Web. One of these options is to be a domain name reseller and offer domains to end clients, gaining profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of presently active domains, so this is a thriving trading niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain involves two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs involve 2-character abbreviations that denote each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code TLD, has a Registry - an organization that manages the registrations and sets the requirements that each specific TLD may involve, among them the duration of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the firms that in fact offer the domain name to clients and handle all domain name resource records.
Gain Cash From Trading Domains
Many Registrars have reseller programs that allow people to earn cash from selling domains to end customers. If you subscribe to such a program, you can launch your own personal web business. Generally, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The explanation is that resellers can contact more clients in regional communities or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will make a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domains Under Your Personal Brand
When you subscribe to a domain reseller program, you will get a web space hosting Control Panel where you can settle the prices for the separate Top-Level Domains that the Registrar offers. Most corporations also offer invoice transaction software and skins for your web shop, and the automation of the entire procedure combined with the high demand for domains render the domain reseller business so desirable. You will either get a ready-to-use site and make use of 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 own personal website and order form. Typically, you have the opportunity to decide between the 2 options, so it all depends on how expert you are in these affairs. As a domain reseller, you will do business under your very own personal brand name and not on behalf of the Registrar's.
Make Money From Providing Web Space Hosting Packages As Well
A relevant addition to your domain name reseller business would be to sell web hosting solutions too. Thus, you can offer a package deal to persons who want to manage their web site and demand both a domain name and a webspace hosting package. A number of firms furnish such options. With 'ResellersPanel', for instance, you can manage a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice management software to charge your clients. You can then sell top-level domain names and shared website hosting accounts to clients, and since they provide many different domain extensions, you will be able to provide domain and hosting services to customers from all around the globe.