The World Wide Web is an ever-growing system that delivers new opportunities to gain money on the Internet. One of these options is to become a domain reseller and offer domains to end clients, earning profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domain names, so this is an increasing trading niche that you can be involved in.
TLDs and SLDs
A domain comprises 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic top-level domain names comprise the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are composed of 2-character abbreviations that correspond to each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code top-level domain name, has a Registry - an institution that tackles the registrations and sets the preconditions that each specific top-level domain name may have, among them the duration of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the corporations that actually offer the domain name to clients and manage all domain name records.
Gain Money From Reselling Domain Names
Numerous Registrars have reseller programs that enable individuals to earn profit from selling domains to end customers. If you subscribe to such a program, you can kickstart your own web business. Normally, a domain will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can reach more individuals in regions or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both parties will benefit from 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 Top-Level Domains Under Your Own Personal Trademark Name
When you register with a domain reseller program, you will get a website hosting Control Panel where you can settle the prices for the individual TLDs that the Registrar offers. Most companies also offer invoice transaction software and design templates for your web shop, and the automation of the whole procedure combined with the enormous demand for domains render the domain reseller market niche so desirable. You will either obtain a ready-for-use website and use the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal website and form for placing orders. Usually, you have the option to pick between the two options, so it all depends on how experienced you are in these things. As a domain name reseller, you will sell on behalf of your very own personal brand name and not on behalf of the Registrar's brand.
Gain Revenue From Supplying Web Page Hosting Accounts Too
A suitable supplement to your domain name reseller business would be to sell web hosting services too. In this way, you can give a package deal to clients who want to create their website and need both a domain name and a web space hosting package. A few companies provide such options. With 'ResellersPanel', for instance, you can manage a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoicing software to bill your customers. You can then offer domains and shared web hosting packages to customers, and since they provide lots of diverse domain extensions, you will be able to provide domain and hosting services to individuals from all over the world.