The Internet is an ever-expanding community that supplies new opportunities to gain cash on the Internet. One of these possibilities is to be a domain name reseller and sell domains to end clients, earning revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each day, and there are 1 000 000's of presently active domains, so this is a flowering trading niche that you can become engaged in.
TLDs and SLDs
A domain name comprises 2 entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs involve two-letter abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an organization that administers the registrations and sets the preconditions that each particular Top-Level Domain may have, such as the length of the registration term or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the corporations that actually sell the domain name to customers and manage all DNS records.
Gain Cash From Offering Domains
Multiple Registrars have reseller programs that allow people to earn profit from selling domain names to end clients. If you sign up for such a program, you can commence your own personal online business. Normally, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can contact more customers in regional districts or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Sell TLDs Under Your Own Brand
When you subscribe to a domain reseller program, you will obtain a web hosting Control Panel where you can set the prices for the different TLDs that the Registrar provides. Most corporations also offer invoice transaction software and web skins for your web store, and the automation of the entire process combined with the enormous demand for domain names make the domain reseller business niche so attractive. You will either get a turn-key web site and make use of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your very own web site and order form. Commonly, you have the option to select between the two alternatives, so it all depends on how trained you are in these affairs. As a domain reseller, you will work on behalf of your own personal brand and not on behalf of the Registrar's.
Earn Revenue From Supplying Web Site Hosting Plans Too
A good supplement to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can give a package deal to individuals who want to run their web page and need both a domain name and a web site hosting plan. A number of companies supply such options. With 'ResellersPanel', for instance, you can buy a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free billing software to charge your clients. You can then sell domain names and shared hosting plans to clients, and since they provide a lot of different domain name extensions, you will be able to provide domain name and hosting services to persons from all around the world.