The World Wide Web is an ever-expanding system that provides new ways to earn cash on the Internet. One of these possibilities is to be a domain reseller and sell domain names to end users, earning revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each and every day, and there are millions of currently functioning domain names, so this is an increasing trading niche that you can be engaged in.
TLDs and SLDs
A domain contains 2 pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs include the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include 2-letter abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an organization that administers the registrations and sets the requirements that each given top-level domain name may include, among them the duration of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually offer the domain name to clients and handle all domain records.
Make Money From Reselling Domains
Lots of Registrars have reseller programs that permit people to earn cash from offering domains to end users. If you sign up for such a program, you can establish your own personal web business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The explanation is that resellers can reach more clients in regional districts or states where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Sell Top-Level Domain Names Under Your Personal Trademark Name
When you register with a domain reseller program, you will acquire a website hosting CP where you can settle the prices for the individual Top-Level Domains that the Registrar offers. Most firms also offer invoicing software and site layouts for your online storefront, and the automation of the entire process combined with the immense demand for domain names render the domain reseller market niche so attractive. You will either have a pre-built website and utilize the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own web portal and form for placing orders. Typically, you have the opportunity to decide between the two options, so it all revolves around how advanced you are in these affairs. As a domain name reseller, you will operate under your personal brand and not under the Registrar's brand.
Earn Revenue From Providing Web Site Hosting Services As Well
A reasonable supplement to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to individuals who want to run their web page and require both a domain and a webspace hosting plan. A number of firms provide such options. With 'ResellersPanel', for example, you can run a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoice transaction software to charge your customers. You can then sell domain names and shared hosting accounts to customers, and since they offer lots of diverse domain name extensions, you will be able to provide domain and hosting services to persons from all over the globe.