The World Wide Web is an ever-growing platform that offers new options to earn money online. One of these options is to be a domain name reseller and sell domains to end customers, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are millions of currently active domains, so this is a thriving trading niche that you can be involved in.
TLDs and SLDs
A domain name includes 2 parts - 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.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most conventional domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of two-letter abbreviations that symbolize each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the prerequisites that each specific TLD may include, like the duration of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the companies that in fact offer the domain name to customers and handle all DNS records.
Gain Cash From Offering Domains
Numerous Registrars have reseller programs that enable people to earn cash from selling domains to end customers. If you subscribe to such a program, you can start your own electronic business. Usually, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The reason is that resellers can contact more customers in regional districts or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Offer Top-Level Domain Names Under Your Personal Trademark Name
When you register with a domain reseller program, you will acquire a hosting CP where you can fix the prices for the individual Top-Level Domains that the Registrar offers. Most companies also provide billing management software and web themes for your web storefront, and the automation of the entire procedure coupled with the enlarging demand for domain names render the domain reseller market niche so tempting. You will either obtain a pre-developed site and make use of the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal web portal and form for placing orders. Typically, you have the opportunity to decide between the 2 options, so it all depends on how skillful you are in these things. As a domain name reseller, you will operate under your very own brand name and not under the Registrar's brand.
Make Revenue From Promoting Site Hosting Accounts Too
An adequate addition to your domain reseller business would be to sell web hosting packages too. In this way, you can give a package deal to persons who desire to run their web page and need both a domain name and a web site hosting plan. A number of companies provide such options. With 'ResellersPanel', for instance, you can manage a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoicing software to bill your customers. You can then sell Top-Level Domains and shared website hosting plans to clients, and since they provide many different domain extensions, you will be able to provide domain and hosting services to clients from all over the world.