The Internet is an ever-enlarging platform that supplies new possibilities to earn money on the Internet. One of these possibilities is to become a domain name reseller and offer domains to end customers, earning revenue 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 functioning domains, so this is a growing marketing niche that you can become a part of.
Top-Level and Second-Level Domains
A domain involves 2 components - a Top-Level Domain (TLD) and a second-level domain name (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 gTLDs include the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains comprise 2-character abbreviations that signify 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 gTLD or a country-code top-level domain name, has a Registry - an institution that manages the registrations and determines the prerequisites that each concrete Top-Level Domain may include, including the length of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain name records.
Earn Profit From Trading Domain Names
Lots of Registrars have reseller programs that enable people to gain cash from selling domain names to end clients. If you sign up for such a program, you can begin your very own personal e-business. Normally, a domain name will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The reason is that resellers can contact more people in areas or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Trade Domain Names Under Your Very Own Personal Brand
When you sign up for a domain name reseller program, you will acquire a CP where you can fix the prices for the specific top-level domain names that the Registrar provides. Most companies also offer invoice transaction software and web design templates for your web storefront, and the automation of the whole procedure coupled with the big demand for domains make the domain reseller business so tempting. You will either have a ready-made site and use the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your own web page and order form. Typically, you have the opportunity to decide between the 2 possibilities, so it all depends on how accomplished you are in these issues. As a domain reseller, you will do business under your own brand and not on behalf of the Registrar's brand.
Earn Revenue From Providing Web Space Hosting Plans As Well
A reasonable addition to your domain name reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to clients who desire to create their online portal and require both a domain and a web hosting package. A few firms furnish such options. With 'ResellersPanel', for instance, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing software to bill your clients. You can then offer Top-Level Domains and shared hosting plans to clients, and since they provide plenty of different domain extensions, you will be able to offer domain name and hosting services to individuals from all over the world.