The World Wide Web is an ever-growing network that generates new possibilities to gain cash online. One of these options is to be a domain name reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered every day, and there are millions of currently functioning domain names, so this is an expanding marketing niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain name comprises two components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The gTLDs include the most widespread domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of 2-character abbreviations that stand for 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 TLD or a country-code TLD, has a Registry - an organization that administers the registrations and sets the preconditions that each specific TLD may contain, like the length of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the firms that actually sell the domain name to customers and manage all DNS records.
Gain Profit From Trading Domains
Multiple Registrars have reseller programs that permit individuals to make profit from selling domains to end customers. If you subscribe to such a program, you can kickstart your own personal online business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The reason is that resellers can contact more users in regional districts or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Offer Top-Level Domain Names Under Your Personal Brand Name
When you sign up for a domain name reseller program, you will have a website hosting Control Panel where you can settle the prices for the separate top-level domain names that the Registrar offers. Most firms also offer billing management software and web themes for your web storefront, and the automation of the entire procedure combined with the flourishing demand for domains make the domain reseller market so seductive. You will either acquire a pre-developed website and use 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 website and order form. Usually, you have the opportunity to decide between the 2 possibilities, so it all revolves around how experienced you are in these matters. As a domain name reseller, you will operate under your own personal trademark name and not on behalf of the Registrar's.
Gain Revenue From Reselling Web Space Hosting Solutions Too
An appropriate addition to your domain reseller business would be to sell web hosting services as well. Thereby, you can give a package deal to persons who desire to make their online portal and need both a domain name and a site hosting account. A few firms provide such options. With 'ResellersPanel', for instance, you can purchase a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and cost-free invoice transaction software to bill your clients. You can then sell domains and shared hosting packages to clients, and since they provide lots of different domain extensions, you will be able to provide domain and hosting services to people from all over the globe.