The World Wide Web is an ever-enlarging platform that generates new ways to earn cash online. One of these possibilities is to become a domain name reseller and sell domains to end users, generating profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of currently active domain names, so this is a developing marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name involves two 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.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most popular domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs contain 2-character abbreviations that symbolize each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that handles the registrations and sets the prerequisites that each given Top-Level Domain may impose, such as the duration of the registration period or the residency of the registrant. A number of Registrar companies work under the Registry. These are the firms that actually offer the domain name to customers and handle all domain name records.
Gain Profit From Trading Domains
Many Registrars have reseller programs that allow people to earn revenue from selling domains to end clients. If you sign up for such a program, you can kickstart your very own electronic business. Commonly, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can reach more individuals in regional communities or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will 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.
Sell Top-Level Domains Under Your Very Own Brand
When you subscribe to a domain reseller program, you will acquire a webspace hosting CP where you can fix the prices for the different Top-Level Domains that the Registrar offers. Most firms also offer invoicing transaction software and site templates for your web shop, and the automation of the entire procedure coupled with the enlarging demand for domains make the domain name reseller industry so tempting. You will either acquire a ready-to-use site and avail of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own web portal and form for placing orders. Normally, you have the option to pick between the two alternatives, so it all depends on how advanced you are in these affairs. As a domain name reseller, you will operate under your own brand and not under the Registrar's.
Make Cash From Trading Website Hosting Accounts Too
A logical supplement to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to people who desire to create their web portal and demand both a domain and a web hosting package. Particular firms supply such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing software to charge your clients. You can then offer domain names and shared website hosting packages to customers, and since they provide plenty of different domain extensions, you will be able to offer domain and hosting services to customers from all around the world.