The Internet is an ever-expanding platform that offers new possibilities to make cash on the Internet. One of these options is to become a domain reseller and offer domains to end users, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are millions of presently functioning domain names, so this is an increasing trading niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain is composed of 2 pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are composed of 2-character abbreviations that signify each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code one, has a Registry - an organization that handles the registrations and determines the requirements that each concrete top-level domain name may have, including the length of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the corporations that actually offer the domain name to customers and administer all DNS resource records.
Gain Revenue From Trading Domains
Multiple Registrars have reseller programs that allow people to gain money from offering domain names to end users. If you sign up for such a program, you can kickstart your own personal online business. Regularly, a domain name will be cheaper if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can reach more clients in local districts or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will make a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Offer Domains On Behalf Of Your Own Personal Brand
When you register with a domain reseller program, you will have a web site hosting Control Panel where you can settle the prices for the individual TLDs that the Registrar offers. Most firms also offer billing software and site skins for your web storefront, and the automation of the entire procedure together with the flourishing demand for domains make the domain reseller market niche so seductive. You will either get a ready-to-use web site and utilize the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your own personal portal and form for placing orders. Generally, you have the opportunity to choose between the two options, so it all depends on how advanced you are in these things. As a domain name reseller, you will sell on behalf of your very own brand name and not under the Registrar's.
Make Revenue From Offering Web Site Hosting Accounts Too
A logical supplement to your domain reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to individuals who want to run their site and demand both a domain name and a site hosting account. Some firms offer such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing transaction software to bill your clients. You can then offer domains and shared website hosting accounts to clients, and since they offer many diverse domain name extensions, you will be able to offer domain and hosting services to individuals from all around the globe.