The Internet is an ever-increasing community that furnishes new possibilities to gain money on the Web. One of these ways is to become a domain reseller and offer domains to end users, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are millions of currently active domain names, so this is an increasing trading niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain name consists of 2 components - a top-level domain name (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 SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs are composed of two-letter abbreviations that symbolize each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code Top-Level Domain, has a Registry - an institution that handles the registrations and determines the requirements that each specific Top-Level Domain may have, among them the length of the registration term or the citizenship 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 administer all DNS resource records.
Gain Cash From Reselling Domain Names
Multiple Registrars have reseller programs that allow individuals to gain revenue from selling domain names to end users. If you register with such a program, you can kick off your own personal e-business. Normally, a domain name 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 cause is that resellers can contact more individuals in regions or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Sell Domains Under Your Very Own Personal Trademark Name
When you register with a domain name reseller program, you will acquire a web site hosting CP where you can select the prices for the different top-level domain names that the Registrar offers. Most companies also offer invoice management software and web site layouts for your web storefront, and the automation of the whole procedure together with the enlarging demand for domain names render the domain reseller industry so tempting. You will either acquire a ready-made site and use the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your very own web page and order form. Generally, you have the opportunity to decide between the two options, so it all revolves around how expert you are in these issues. As a domain reseller, you will sell on behalf of your own brand and not under the Registrar's.
Gain Profit From Supplying Site Hosting Accounts As Well
A sensible addition to your domain reseller business would be to sell web hosting solutions too. In this way, you can give a package deal to clients who wish to manage their web page and need both a domain name and a hosting plan. Given firms have such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free billing software to charge your customers. You can then sell domains and shared hosting accounts to customers, and since they provide lots of diverse domain name extensions, you will be able to provide domain and hosting services to users from all over the globe.