The World Wide Web is an ever-expanding network that supplies new ways to gain money online. One of these ways is to be a domain name reseller and sell domains to end users, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each day, and there are millions of currently functioning domain names, so this is a flowering marketing niche that you can become a part of.
Top-Level and Second-Level Domains
A domain includes two constituents - a top-level domain name (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 name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs contain 2-character abbreviations that stand for each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code TLD, has a Registry - an organization that deals with the registrations and sets the prerequisites that each specific Top-Level Domain may contain, 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 corporations that in fact sell the domain name to clients and handle all domain name resource records.
Make Profit From Trading Domain Names
Multiple Registrars have reseller programs that allow people to make revenue from selling domains to end clients. If you sign up for such a program, you can build your own personal online business. As a rule, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can reach more people in local districts or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domain Names Under Your Own Brand
When you sign up for a domain name reseller program, you will get a site hosting Control Panel where you can fix the prices for the individual TLDs that the Registrar provides. Most companies also offer billing software and website skins for your online store, and the automation of the entire process combined with the vast demand for domain names render the domain name reseller market so tempting. You will either obtain a ready-to-use website and avail of the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own personal web site and form for placing orders. Normally, you have the opportunity to pick between the two alternatives, so it all depends on how advanced you are in these affairs. As a domain reseller, you will do business on behalf of your very own trademark name and not on behalf of the Registrar's brand.
Make Cash From Offering Web Page Hosting Packages Too
An appropriate supplement to your domain reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to users who want to run their online portal and demand both a domain and a web space hosting package. Some corporations provide such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and cost-free billing software to bill your customers. You can then offer top-level domain names and shared web hosting accounts to customers, and since they offer a lot of different domain name extensions, you will be able to provide domain name and hosting services to persons from all over the globe.