The Internet is an ever-developing community that provides new options to gain money online. One of these ways is to become a domain reseller and offer domains to end clients, gaining profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are millions of presently functioning domain names, so this is a blooming trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
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 instance, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the best known domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of two-letter abbreviations that stand for each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an organization that handles the registrations and determines the prerequisites that each given TLD may have, like the duration of the registration period or the residency of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact offer the domain name to clients and manage all DNS records.
Gain Revenue From Offering Domains
Plenty of Registrars have reseller programs that allow individuals to gain profit from selling domain names to end users. If you register with such a program, you can initiate your very own web business. As a rule, a domain name will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end client. The explanation is that resellers can reach more individuals in local districts or states where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain name registration.
Offer Domain Names Under Your Own Brand
When you subscribe to a domain reseller program, you will receive a hosting Control Panel where you can choose the prices for the separate TLDs that the Registrar offers. Most companies also provide invoice transaction software and web design templates for your virtual storefront, and the automation of the entire process coupled with the growing demand for domains make the domain reseller industry so tempting. You will either get a pre-developed website and utilize the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your own online portal and order form. Typically, you have the opportunity to decide between the 2 possibilities, so it all revolves around how proficient you are in these matters. As a domain name reseller, you will do business under your very own brand name and not on behalf of the Registrar's.
Make Profit From Promoting Web Space Hosting Services Too
An appropriate addition to your domain name reseller business would be to sell web hosting solutions as well. Thereby, you can give a package deal to customers who would like to launch their web site and require both a domain and a web page hosting account. Certain companies provide such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice transaction software to charge your clients. You can then sell top-level domain names and shared website hosting packages to clients, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to persons from all around the globe.