The World Wide Web is an ever-expanding network that generates new opportunities to gain money online. One of these ways is to be a domain reseller and sell domain names to end users, making revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are 1 000 000's of currently active domains, so this is an expanding trading niche that you can be involved in.
TLDs and SLDs
A domain name is made of 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic TLDs include the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are made of two-character abbreviations that stand for each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that handles the registrations and sets the preconditions that each given top-level domain name may have, like the duration of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the companies that in fact sell the domain name to customers and administer all DNS records.
Make Cash From Offering Domains
Multiple Registrars have reseller programs that permit people to gain cash from offering domain names to end clients. If you sign up for such a program, you can initiate your very own personal online business. Generally, a domain will be cheaper 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 reach more people in regional districts or states where the Registrar may not be famous at all. This implies 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 levies for the domain registration.
Offer TLDs On Behalf Of Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will get a web space hosting CP where you can set the prices for the individual Top-Level Domains that the Registrar provides. Most companies also provide billing software and web skins for your online shop, and the automation of the entire process combined with the expanding demand for domain names render the domain name reseller industry so attractive. You will either acquire a ready-to-use website and make use of the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can make your own web site and order form. Traditionally, you have the option to pick between the two possibilities, so it all depends on how skillful you are in these things. As a domain name reseller, you will sell on behalf of your personal trademark name and not on behalf of the Registrar's.
Earn Profit From Supplying Web Space Hosting Services Too
A perfect supplement to your domain reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to users who would like to set up their site and demand both a domain name and a website hosting package. Some companies have such options. With 'ResellersPanel', for example, you can manage a VPS or a dedicated server, and they will also give you a domain reseller account and free invoice management software to bill your clients. You can then offer TLDs and shared website hosting accounts to customers, and since they provide many different domain extensions, you will be able to provide domain and hosting services to users from all around the globe.