The World Wide Web is an ever-increasing network that provides new options to gain cash on the Internet. One of these possibilities is to become a domain reseller and sell domains to end users, making profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are millions of currently functioning domains, so this is an enlarging marketing niche that you can be a part of.
TLDs and SLDs
A domain consists of 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic top-level domain names include the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of 2-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code one, has a Registry - an organization that manages the registrations and sets the preconditions that each given Top-Level Domain may entail, like the length of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact offer the domain name to customers and manage all domain resource records.
Gain Profit From Selling Domains
A lot of Registrars have reseller programs that enable individuals to make revenue from offering domain names to end users. If you register with such a program, you can build your own electronic business. Generally, a domain will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The reason is that resellers can contact more persons in regional districts or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will benefit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Trade Domain Names On Behalf Of Your Own Personal Brand Name
When you subscribe to a domain name reseller program, you will obtain a web space hosting Control Panel where you can settle the prices for the individual Top-Level Domains that the Registrar offers. Most firms also offer invoice transaction software and web page skins for your online store, and the automation of the entire process combined with the big demand for domain names render the domain name reseller industry so seductive. You will either obtain a turn-key web site and avail of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your own personal website and form for placing orders. Traditionally, you have the option to decide between the 2 possibilities, so it all revolves around how practiced you are in these affairs. As a domain reseller, you will operate under your very own personal brand name and not under the Registrar's.
Gain Cash From Promoting Web Page Hosting Plans Too
A relevant addition to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to customers who want to set up their website and demand both a domain name and a webspace hosting package. A few corporations have such options. With 'ResellersPanel', for instance, you can manage a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free invoice management software to charge your clients. You can then offer domain names and shared hosting accounts to customers, and since they provide lots of different domain extensions, you will be able to provide domain name and hosting services to clients from all over the globe.