Domain name reseller
The Internet is an ever-enlarging system that supplies new opportunities to make money on the Web. One of these options is to become a domain reseller and sell domains to end users, earning revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each day, and there are millions of presently functioning domain names, so this is a blooming trading niche that you can be involved in.
Top-Level and Second-Level Domains
A domain comprises 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 name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of 2-character abbreviations that symbolize each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that deals with the registrations and sets the preconditions that each specific TLD may have, such as the duration of the registration term or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the companies that actually offer the domain name to clients and manage all domain name records.
Gain Money From Offering Domains
Lots of Registrars have reseller programs that enable people to earn profit from offering domain names to end clients. If you sign up for such a program, you can kickstart your own personal Internet business. Generally, a domain will cost less if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The explanation 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 make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Resell Domains Under Your Very Own Personal Trademark Name
When you register with a domain reseller program, you will receive a web page hosting CP where you can fix the prices for the different top-level domain names that the Registrar offers. Most companies also provide invoicing transaction software and web layouts for your online storefront, and the automation of the whole process combined with the big demand for domain names render the domain reseller business so tempting. You will either receive a ready-for-use website and use the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal web page and order form. Traditionally, you have the option to select between the 2 possibilities, so it all revolves around how practiced you are in these things. As a domain reseller, you will operate on behalf of your very own personal brand and not on behalf of the Registrar's brand.
Make Profit From Trading Web Hosting Services Too
A perfect addition to your domain reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to persons who desire to build their online portal and demand both a domain and a webspace hosting plan. Some companies offer such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost invoice management software to charge your clients. You can then sell domain names and shared website hosting accounts to clients, and since they offer a lot of different domain extensions, you will be able to provide domain and hosting services to individuals from all over the globe.