The World Wide Web is an ever-developing system that generates new possibilities to earn cash online. One of them is to be a domain reseller and offer domain names to end clients, earning revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered every day, and there are 1 000 000's of presently functioning domain names, so this is an expanding trading niche that you can become engaged in.
TLDs and SLDs
A domain name contains two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names comprise 2-letter abbreviations that represent each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and sets the requirements that each given TLD 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 actually offer the domain name to clients and handle all DNS resource records.
Gain Cash From Trading Domains
Numerous Registrars have reseller programs that allow people to make cash from selling domains to end clients. If you sign up for such a program, you can set up your very own online business. Normally, a domain will be cheaper if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can reach more clients in local districts or states where the Registrar may not be known 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 user pays and the one that the Registrar requires for the domain name registration.
Resell Top-Level Domain Names On Behalf Of Your Own Trademark Name
When you sign up for a domain name reseller program, you will get a web space hosting CP where you can set the prices for the individual top-level domain names that the Registrar provides. Most companies also offer billing management software and web page templates for your online store, and the automation of the whole process combined with the enlarging demand for domain names render the domain name reseller industry so alluring. You will either obtain a ready-made web site and make use of the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your own portal and order form. Typically, you have the option to select between the 2 options, so it all depends on how accomplished you are in these things. As a domain name reseller, you will work under your own personal brand name and not under the Registrar's brand.
Earn Revenue From Selling Webspace Hosting Services Too
An excellent supplement to your domain reseller business would be to sell web hosting plans too. In this way, you can offer a package deal to people who wish to make their web site and demand both a domain name and a webspace hosting package. Particular corporations supply such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice management software to charge your clients. You can then sell domain names and shared web hosting accounts to customers, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to customers from all around the world.