The Internet is an ever-flourishing network that furnishes new possibilities to gain money on the Internet. One of them is to be a domain reseller and sell domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each day, and there are millions of currently active domain names, so this is a thriving trading niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain name involves 2 constituents - a Top-Level Domain (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.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs comprise the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs involve 2-character abbreviations that symbolize each country. Examples 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 or a country-code one, has a Registry - an organization that handles the registrations and sets the prerequisites that each concrete Top-Level Domain may entail, among them the length of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the firms that actually sell the domain name to customers and manage all DNS records.
Earn Profit From Trading Domain Names
Multiple Registrars have reseller programs that allow individuals to gain profit from offering domain names to end users. If you register with such a program, you can build your very own personal web business. Typically, a domain name will be more inexpensive if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can contact more individuals in regional districts or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will make a 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 Domain Names Under Your Personal Brand
When you register with a domain reseller program, you will receive a Control Panel where you can set the prices for the specific TLDs that the Registrar offers. Most corporations also provide invoice management software and web page layouts for your virtual shop, and the automation of the whole process together with the immense demand for domains make the domain name reseller market so tempting. You will either acquire a ready-made website and use the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own online portal and form for placing orders. Traditionally, you have the opportunity to choose between the 2 possibilities, so it all revolves around how advanced you are in these issues. As a domain name reseller, you will operate under your very own personal trademark name and not under the Registrar's.
Make Profit From Selling Web Site Hosting Solutions Too
An appropriate supplement to your domain name reseller business would be to sell web hosting packages too. Thereby, you can give a package deal to people who want to establish their website and need both a domain name and a web space hosting package. Some companies furnish such options. With 'ResellersPanel', for example, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free billing transaction software to charge your customers. You can then offer top-level domain names and shared hosting packages to customers, and since they provide lots of diverse domain name extensions, you will be able to offer domain name and hosting services to clients from all around the globe.