The World Wide Web is an ever-growing community that furnishes new opportunities to gain money on the Web. One of these options is to be a domain reseller and sell domains to end users, making revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are millions of currently functioning domain names, so this is an expanding trading niche that you can become engaged in.
TLDs and SLDs
A domain name is composed of two constituents - a Top-Level Domain (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.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs include the most popular domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs comprise 2-letter abbreviations that signify each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an institution that deals with the registrations and determines the prerequisites that each given TLD may have, among them the length of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to clients and administer all domain records.
Gain Cash From Reselling Domains
Plenty of Registrars have reseller programs that enable individuals to gain profit from selling domains to end clients. If you subscribe to such a program, you can commence your own personal e-business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can contact more users in areas or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will cash in on 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.
Resell Domains Under Your Own Trademark Name
When you sign up for a domain reseller program, you will have a web hosting Control Panel where you can fix the prices for the various Top-Level Domains that the Registrar offers. Most companies also offer billing transaction software and web site themes for your web storefront, and the automation of the entire process combined with the towering demand for domains render the domain name reseller business niche so desirable. You will either obtain a ready-for-use site and make use of the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your own personal online portal and form for placing orders. Generally, you have the option to choose between the 2 options, so it all depends on how accomplished you are in these matters. As a domain reseller, you will work on behalf of your very own personal trademark name and not under the Registrar's brand.
Make Profit From Supplying Website Hosting Packages Too
An adequate supplement to your domain name reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to persons who desire to run their website and demand both a domain name and a web site hosting package. Some corporations offer such options. With 'ResellersPanel', for example, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoicing software to bill your customers. You can then offer top-level domain names and shared web hosting accounts to customers, and since they offer many different domain extensions, you will be able to offer domain and hosting services to individuals from all around the globe.