The World Wide Web is an ever-flourishing platform that offers new possibilities to earn money online. One of these possibilities is to be a domain reseller and sell domain names to end clients, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered every day, and there are millions of presently active domain names, so this is a flourishing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name consists of two constituents - a Top-Level Domain (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 SLD.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The gTLDs comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains comprise 2-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that tackles the registrations and sets the requirements that each specific Top-Level Domain may involve, like the duration of the registration term or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to customers and administer all domain resource records.
Gain Money From Trading Domains
Lots of Registrars have reseller programs that permit individuals to gain profit from offering domains to end users. If you subscribe to such a program, you can build your very own Internet 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 customer. The cause is that resellers can contact more individuals in local regions or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Resell Top-Level Domains Under Your Very Own Brand
When you register with a domain name reseller program, you will obtain a web site hosting CP where you can set the prices for the various top-level domain names that the Registrar offers. Most firms also provide billing management software and web design skins for your web store, and the automation of the entire procedure coupled with the considerable demand for domains make the domain reseller market so tempting. You will either have a ready-made website and avail of the Registrar platform 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 page and form for placing orders. Traditionally, you have the opportunity to select between the two possibilities, so it all depends on how accomplished you are in these things. As a domain reseller, you will work under your very own personal brand and not under the Registrar's brand.
Make Cash From Providing Web Space Hosting Accounts Too
A suitable supplement to your domain reseller business would be to sell web hosting plans as well. In this way, you can give a package deal to persons who would like to build their site and require both a domain and a hosting package. A number of firms have such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing management software to bill your clients. You can then sell domains and shared web hosting plans to customers, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to individuals from all around the world.