The Internet is an ever-growing platform that provides new opportunities to make money online. One of these options is to be a domain reseller and sell domains to end users, gaining profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently active domain names, so this is a developing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain involves 2 pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The gTLDs comprise the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are made of 2-character abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that handles the registrations and sets the prerequisites that each specific top-level domain name may impose, including the length of the registration term or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the corporations that in fact sell the domain name to clients and manage all domain records.
Make Profit From Trading Domains
Lots of Registrars have reseller programs that permit people to earn revenue from offering domain names to end clients. If you subscribe to such a program, you can kick off your own personal e-business. Usually, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The explanation is that resellers can reach more clients in provinces or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Offer Top-Level Domains Under Your Own Personal Trademark Name
When you sign up for a domain name reseller program, you will obtain a web page hosting CP where you can determine the prices for the individual top-level domain names that the Registrar provides. Most corporations also offer invoicing software and website skins for your virtual store, and the automation of the whole procedure combined with the significant demand for domains render the domain name reseller market niche so seductive. You will either acquire a pre-built site and utilize the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your very own personal online portal and form for placing orders. Generally, you have the option to choose between the 2 possibilities, so it all revolves around how accomplished you are in these issues. As a domain reseller, you will work under your personal brand and not under the Registrar's.
Earn Profit From Reselling Site Hosting Packages As Well
A nice supplement to your domain reseller business would be to sell web hosting packages too. Thereby, you can offer a package deal to customers who wish to establish their web site and demand both a domain name and a web hosting account. Some companies supply such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free invoice software to bill your clients. You can then sell domain names and shared website hosting accounts to clients, and since they provide plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to individuals from all around the globe.