The Internet is an ever-increasing platform that generates new possibilities to earn money on the Internet. One of these options is to be a domain reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are millions of currently active domains, so this is an expanding trading niche that you can be involved in.
TLDs and SLDs
A domain name involves two components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are composed of two-character abbreviations that represent each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an organization that manages the registrations and determines the requirements that each given Top-Level Domain may impose, like the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the corporations that in fact offer the domain name to customers and manage all DNS resource records.
Gain Profit From Reselling Domains
Lots of Registrars have reseller programs that permit individuals to earn profit from offering domain names to end customers. If you sign up for such a program, you can kick off your very own electronic business. Commonly, a domain name will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end client. The explanation is that resellers can reach more individuals in local regions or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides 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 requires for the domain registration.
Sell Top-Level Domains Under Your Personal Brand Name
When you subscribe to a domain reseller program, you will have a web space hosting Control Panel where you can settle the prices for the different Top-Level Domains that the Registrar provides. Most companies also offer billing transaction software and web design themes for your virtual storefront, and the automation of the whole process coupled with the immense demand for domain names make the domain name reseller market niche so tempting. You will either get a pre-made site and avail of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal web page and order form. Traditionally, you have the option to decide between the 2 options, so it all revolves around how expert you are in these issues. As a domain reseller, you will do business on behalf of your own brand name and not on behalf of the Registrar's brand.
Earn Money From Supplying Hosting Packages As Well
A relevant supplement to your domain reseller business would be to sell web hosting solutions too. In this way, you can offer a package deal to individuals who desire to make their online portal and require both a domain name and a webspace hosting plan. Particular companies have such options. With 'ResellersPanel', for example, you can order a VPS or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoicing software to bill your clients. You can then sell domain names and shared website hosting accounts to clients, and since they provide many different domain extensions, you will be able to offer domain name and hosting services to users from all over the globe.