The World Wide Web is an ever-expanding community that offers new options to gain money online. One of these options is to be a domain reseller and sell domains to end users, gaining revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are millions of presently functioning domains, so this is a flourishing business niche that you can be involved in.
TLDs and SLDs
A domain name contains 2 entities - 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 name and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs are made of two-character abbreviations that denote 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 top-level domain name or a country-code Top-Level Domain, has a Registry - an organization that manages the registrations and determines the prerequisites that each given Top-Level Domain may contain, such as the duration of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the firms that actually sell the domain name to customers and manage all domain records.
Earn Money From Trading Domain Names
Plenty of Registrars have reseller programs that permit individuals to earn money from selling domain names to end customers. If you subscribe to such a program, you can begin your own Internet business. Regularly, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The reason is that resellers can contact more individuals in regions or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Offer Domain Names Under Your Own Personal Trademark Name
When you sign up for a domain reseller program, you will acquire a website hosting Control Panel where you can set the prices for the specific Top-Level Domains that the Registrar offers. Most companies also offer invoicing software and themes for your virtual storefront, and the automation of the whole process together with the flourishing demand for domain names render the domain reseller business so tempting. You will either have a turn-key website and make use of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own site and form for placing orders. Typically, you have the opportunity to select between the two alternatives, so it all depends on how advanced you are in these affairs. As a domain name reseller, you will operate on behalf of your personal brand and not under the Registrar's brand.
Earn Money From Providing Hosting Solutions Too
An excellent addition to your domain name reseller business would be to sell web hosting packages too. In this way, you can offer a package deal to users who want to manage their online portal and demand both a domain and a web space hosting package. Particular companies supply such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and charge-free billing transaction software to bill your clients. You can then sell Top-Level Domains and shared website hosting accounts to clients, and since they offer plenty of different domain extensions, you will be able to offer domain and hosting services to individuals from all around the world.