The Internet is an ever-expanding network that delivers new possibilities to make money on the Web. One of these opportunities is to become a domain name reseller and offer domain names to end users, earning profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each day, and there are 1 000 000's of currently active domain names, so this is an increasing trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain is made of two components - a top-level domain name (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 name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs involve 2-character abbreviations that denote 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 Top-Level Domain or a ccTLD, has a Registry - an organization that administers the registrations and determines the preconditions that each particular Top-Level Domain may contain, such as the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the companies that in fact offer the domain name to customers and administer all domain name resource records.
Gain Money From Trading Domains
Many Registrars have reseller programs that permit individuals to earn profit from offering domains to end customers. If you register with such a program, you can build your own personal e-business. As a rule, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The explanation is that resellers can reach more users in provinces or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Resell TLDs Under Your Own Personal Trademark Name
When you sign up for a domain name reseller program, you will obtain a web hosting CP where you can select the prices for the separate Top-Level Domains that the Registrar provides. Most corporations also provide billing management software and website layouts for your web store, and the automation of the entire process together with the immense demand for domains render the domain reseller business so seductive. You will either acquire a pre-developed website and avail of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your own online portal and order form. Typically, you have the option to pick between the 2 possibilities, so it all depends on how expert you are in these affairs. As a domain name reseller, you will do business on behalf of your personal brand and not on behalf of the Registrar's.
Make Cash From Selling Web Hosting Accounts As Well
A sensible addition to your domain reseller business would be to sell web hosting services too. In this way, you can give a package deal to people who want to launch their site and need both a domain name and a site hosting account. Certain firms provide such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice management software to bill your customers. You can then offer TLDs and shared web hosting packages to customers, and since they provide many diverse domain extensions, you will be able to provide domain and hosting services to users from all around the globe.