The Internet is an ever-enlarging network that furnishes new possibilities to earn money on the Internet. One of these possibilities 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. Thousands of domains are registered each and every day, and there are millions of currently functioning domain names, so this is an expanding marketing niche that you can be a part of.
TLDs and SLDs
A domain name consists of 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs include the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of 2-letter abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an organization that tackles the registrations and sets the requirements that each concrete top-level domain name may involve, like the length of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that actually sell the domain name to customers and handle all DNS resource records.
Gain Revenue From Trading Domains
Many Registrars have reseller programs that enable individuals to make cash from selling domain names to end customers. If you sign up for such a program, you can kick off your own personal Internet business. Normally, a domain will cost less if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The reason is that resellers can contact more individuals in local districts or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domains On Behalf Of Your Own Personal Trademark Name
When you register with a domain name reseller program, you will receive a webspace hosting CP where you can fix the prices for the various Top-Level Domains that the Registrar provides. Most companies also provide invoice management software and site themes for your virtual storefront, and the automation of the whole procedure coupled with the high demand for domains render the domain reseller business so tempting. You will either receive a ready-for-use site and use the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your very own web page and form for placing orders. Traditionally, you have the option to choose between the two options, so it all depends on how practiced you are in these issues. As a domain reseller, you will sell under your own personal trademark name and not under the Registrar's brand.
Make Money From Supplying Web Site Hosting Accounts Too
A relevant supplement to your domain name reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to clients who want to develop their website and demand both a domain name and a web page hosting account. Some companies offer such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoicing software to bill your clients. You can then sell domain names and shared hosting packages to clients, and since they offer lots of diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all around the globe.