The Internet is an ever-growing network that supplies new opportunities to make money online. One of them is to be a domain name reseller and sell domain names to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of currently functioning domain names, so this is a blooming trading niche that you can be a part of.
TLDs and SLDs
A domain name involves 2 components - 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 Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-character abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the preconditions that each given Top-Level Domain may impose, among them the length 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 clients and manage all domain records.
Make Money From Selling Domain Names
Plenty of 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 build your own e-business. As a rule, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can contact more customers in regional communities or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Sell TLDs On Behalf Of Your Own Brand Name
When you subscribe to a domain reseller program, you will receive a site hosting Control Panel where you can determine the prices for the various TLDs that the Registrar provides. Most firms also provide invoicing transaction software and site skins for your virtual storefront, and the automation of the whole process together with the considerable demand for domains make the domain reseller business so seductive. You will either acquire a pre-made website and utilize the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own personal web portal and form for placing orders. Typically, you have the opportunity to pick between the 2 possibilities, so it all depends on how experienced you are in these things. As a domain reseller, you will work under your personal brand and not under the Registrar's.
Earn Profit From Selling Site Hosting Solutions As Well
A proper addition to your domain reseller business would be to sell web hosting packages too. In this way, you can offer a package deal to individuals who would like to have their web page and need both a domain name and a web hosting package. Particular firms have such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free invoice management software to charge your clients. You can then sell domains and shared hosting accounts to clients, and since they offer many diverse domain name extensions, you will be able to offer domain and hosting services to persons from all around the globe.