The World Wide Web is an ever-expanding network that supplies new possibilities to make cash online. One of these ways is to be a domain name reseller and offer domains to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently functioning domains, so this is a thriving marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain is made of two parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic top-level domain names include the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs comprise 2-letter abbreviations that stand for each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code Top-Level Domain, has a Registry - an organization that manages the registrations and determines the preconditions that each particular TLD may include, among them the duration of the registration term or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the firms that actually offer the domain name to customers and handle all domain resource records.
Make Money From Trading Domains
Numerous Registrars have reseller programs that permit individuals to make profit from selling domains to end customers. If you register with such a program, you can build your very own personal online business. Commonly, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The explanation is that resellers can contact more users in local communities or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Offer TLDs Under Your Personal Trademark Name
When you subscribe to a domain reseller program, you will have a web space hosting CP where you can set the prices for the various TLDs that the Registrar offers. Most corporations also provide billing transaction software and themes for your web store, and the automation of the whole process together with the huge demand for domain names make the domain name reseller business so attractive. You will either have a ready-to-use web site 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 make your own personal online portal and order form. Generally, you have the option to decide between the two alternatives, so it all revolves around how skillful you are in these issues. As a domain name reseller, you will sell on behalf of your own personal brand and not on behalf of the Registrar's.
Earn Profit From Promoting Web Site Hosting Packages Too
A good addition to your domain reseller business would be to sell web hosting accounts as well. Thus, you can offer a package deal to persons who want to launch their web site and demand both a domain name and a webspace hosting package. Some corporations offer such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoice management software to charge your customers. You can then sell domain names and shared web hosting plans to clients, and since they offer lots of diverse domain extensions, you will be able to provide domain name and hosting services to clients from all around the globe.