The Internet is an ever-flourishing platform that provides new options to make money on the Internet. One of these options is to become a domain name reseller and offer domain names to end customers, making revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each day, and there are 1 000 000's of currently functioning domain names, so this is a blossoming trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain contains two constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs include the most widespread domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs consist of 2-letter abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code top-level domain name, has a Registry - an organization that tackles the registrations and determines the preconditions that each specific Top-Level Domain may impose, like the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the companies that actually offer the domain name to customers and manage all domain resource records.
Make Money From Trading Domains
Numerous Registrars have reseller programs that allow individuals to gain revenue from selling domain names to end users. If you subscribe to such a program, you can kickstart your very own personal web business. Generally, 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 customer. The reason is that resellers can contact more clients in areas or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Resell Top-Level Domain Names On Behalf Of Your Very Own Personal Brand Name
When you subscribe to a domain reseller program, you will get a website hosting Control Panel where you can fix the prices for the various top-level domain names that the Registrar offers. Most corporations also provide invoicing software and web design skins for your web store, and the automation of the whole process combined with the flourishing demand for domains make the domain name reseller industry so desirable. You will either get a turn-key website and avail of the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your very own personal web site and form for placing orders. Traditionally, you have the option to pick between the two possibilities, so it all revolves around how trained you are in these affairs. As a domain name reseller, you will do business under your own personal brand and not on behalf of the Registrar's.
Earn Money From Offering Website Hosting Solutions Too
A good addition to your domain reseller business would be to sell web hosting services as well. In this way, you can give a package deal to people who want to establish their website and need both a domain name and a web site hosting package. Some companies supply such options. With 'ResellersPanel', for instance, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and cost-free billing software to bill your customers. You can then sell Top-Level Domains and shared hosting accounts to customers, and since they offer many different domain name extensions, you will be able to provide domain name and hosting services to persons from all around the globe.