The Internet is an ever-developing platform that generates new opportunities to earn money on the Web. One of these options is to become a domain reseller and offer domain names to end users, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of presently active domains, so this is a blossoming business niche that you can become a part of.
Top-Level and Second-Level Domains
A domain is composed of two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of 2-character abbreviations that symbolize each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that tackles the registrations and determines the prerequisites that each particular Top-Level Domain may have, like the duration of the registration period or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the firms that actually sell the domain name to clients and handle all domain resource records.
Make Money From Trading Domains
Lots of Registrars have reseller programs that allow people to earn profit from selling domains to end customers. If you sign up for such a program, you can start your own personal electronic business. As a rule, 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 client. The cause is that resellers can contact more customers in local districts or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Sell Domain Names Under Your Own Personal Brand Name
When you subscribe to a domain name reseller program, you will receive a web site hosting CP where you can fix the prices for the different Top-Level Domains that the Registrar offers. Most firms also provide billing transaction software and themes for your web shop, and the automation of the whole process combined with the considerable demand for domains render the domain reseller industry so attractive. You will either receive a ready-to-use web site and make use of the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal online portal and order form. Traditionally, you have the option to select between the 2 alternatives, so it all revolves around how proficient you are in these affairs. As a domain name reseller, you will sell on behalf of your very own trademark name and not on behalf of the Registrar's brand.
Make Money From Selling Web Hosting Accounts Too
A proper addition to your domain name reseller business would be to sell web hosting accounts as well. Thereby, you can offer a package deal to clients who want to manage their online portal and need both a domain name and a web page hosting package. A few firms have such options. With 'ResellersPanel', for example, you can purchase a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and cost-free invoicing software to charge your clients. You can then sell domains and shared website hosting accounts to customers, and since they provide lots of different domain name extensions, you will be able to provide domain and hosting services to persons from all around the world.