The Internet is an ever-flourishing network that offers new ways to gain money on the Web. One of these ways is to become a domain reseller and offer domains to end customers, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently functioning domain names, so this is a developing business niche that you can become a part of.
TLDs and SLDs
A domain name contains 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs are made of 2-letter abbreviations that correspond to each country. Examples of country-code TLDs 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 handles the registrations and sets the preconditions that each specific TLD may contain, among them the length 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 DNS resource records.
Gain Profit From Offering Domain Names
Plenty of Registrars have reseller programs that permit people to gain revenue from selling domain names to end customers. If you register with such a program, you can initiate your very own personal e-business. Regularly, a domain will be more inexpensive if it is registered via a reseller rather than if it is bought directly from the Registrar by an end customer. The reason is that resellers can contact more customers in regions or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain registration.
Sell TLDs On Behalf Of Your Personal Trademark Name
When you register with a domain name reseller program, you will get a Control Panel where you can set the prices for the specific TLDs that the Registrar offers. Most firms also provide invoice management software and web templates for your virtual shop, and the automation of the whole procedure coupled with the large demand for domains render the domain name reseller industry so attractive. You will either receive a turn-key website and utilize the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your very own personal website and form for placing orders. Commonly, you have the opportunity to choose between the 2 options, so it all depends on how proficient you are in these matters. As a domain reseller, you will operate under your personal trademark name and not under the Registrar's.
Make Cash From Reselling Web Page Hosting Accounts As Well
A nice supplement to your domain reseller business would be to sell web hosting packages as well. Thus, you can give a package deal to individuals who desire to launch their website and need both a domain name and a website hosting account. Some corporations have such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free billing transaction software to charge your clients. You can then sell domains and shared website hosting packages to customers, and since they offer many different domain extensions, you will be able to provide domain and hosting services to clients from all around the globe.