The Internet is an ever-flourishing community that generates new options to gain cash on the Web. One of these options is to be a domain reseller and offer domains to end clients, making revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of currently active domains, so this is an expanding trading niche that you can become involved in.
TLDs and SLDs
A domain is made of two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of 2-character 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 gTLD or a country-code top-level domain name, has a Registry - an institution that handles the registrations and sets the preconditions that each particular Top-Level Domain may contain, among them the length of the registration term or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the firms that in fact sell the domain name to customers and handle all domain name records.
Make Revenue From Reselling Domains
Lots of Registrars have reseller programs that enable people to make profit from offering domains to end users. If you register with such a program, you can kick off your very own personal web business. As a rule, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can contact more clients in local regions or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will earn a profit 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.
Trade Domains Under Your Own Brand Name
When you sign up for a domain reseller program, you will receive a hosting Control Panel where you can determine the prices for the specific TLDs that the Registrar offers. Most firms also offer invoicing software and skins for your virtual store, and the automation of the entire process combined with the enlarging demand for domains make the domain name reseller industry so tempting. You will either acquire a ready-for-use website and utilize the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your very own site and form for placing orders. Commonly, you have the opportunity to choose between the two possibilities, so it all revolves around how trained you are in these affairs. As a domain name reseller, you will do business on behalf of your very own brand and not under the Registrar's brand.
Make Profit From Offering Web Page Hosting Accounts As Well
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 customers who desire to have their web page and require both a domain name and a web space hosting package. Particular firms offer such options. With 'ResellersPanel', for instance, you can buy a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and charge-free billing transaction software to charge your clients. You can then offer domains and shared hosting plans to clients, and since they offer plenty of different domain name extensions, you will be able to offer domain name and hosting services to persons from all over the globe.