The World Wide Web is an ever-flourishing system that delivers new options to gain money online. One of these options is to be a domain reseller and sell domains to end customers, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each day, and there are millions of presently active domain names, so this is a flourishing marketing niche that you can become engaged in.
TLDs and SLDs
A domain name involves 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic TLDs include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names consist of two-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code top-level domain name, has a Registry - an organization that tackles the registrations and determines the prerequisites that each given Top-Level Domain may involve, like the length of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the corporations that in fact offer the domain name to clients and handle all DNS resource records.
Earn Revenue From Trading Domain Names
A lot of Registrars have reseller programs that permit people to gain revenue from offering domain names to end customers. If you subscribe to such a program, you can commence your own Internet business. Typically, a domain will be more inexpensive if it is registered via a reseller rather than if it is bought directly from the Registrar by an end user. The reason is that resellers can contact more individuals in local regions or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will 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.
Trade Domain Names Under Your Personal Brand
When you sign up for a domain name reseller program, you will receive a web site hosting Control Panel where you can set the prices for the various Top-Level Domains that the Registrar offers. Most corporations also offer invoice software and site themes for your virtual store, and the automation of the entire process coupled with the considerable demand for domains make the domain name reseller business niche so tempting. You will either get a pre-made web site and utilize the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your own web page and form for placing orders. Usually, you have the option to decide between the 2 alternatives, so it all revolves around how proficient you are in these things. As a domain name reseller, you will operate under your personal trademark name and not under the Registrar's brand.
Make Profit From Trading Website Hosting Accounts Too
A suitable supplement to your domain name reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to users who wish to launch their website and demand both a domain name and a web page hosting account. Certain companies supply such options. With 'ResellersPanel', for instance, you can have a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and charge-free invoice software to bill your clients. You can then offer domains and shared website hosting packages to clients, and since they provide many different domain name extensions, you will be able to provide domain name and hosting services to customers from all around the world.