The Internet is an ever-expanding platform that provides new ways to gain cash on the Web. One of these ways is to become a domain reseller and offer domains to end users, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains 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 be involved in.
Top-Level and Second-Level Domains
A domain involves two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The gTLDs comprise the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains consist of 2-character abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code TLD, has a Registry - an organization that deals with the registrations and determines the preconditions that each concrete top-level domain name may contain, among them the duration of the registration term or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that actually sell the domain name to customers and handle all domain name resource records.
Gain Revenue From Offering Domain Names
Many Registrars have reseller programs that permit people to gain profit from offering domains to end users. If you register with such a program, you can kick off your very own personal online business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end user. The cause is that resellers can reach more customers in regions or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Trade Top-Level Domain Names On Behalf Of Your Personal Brand
When you register with a domain reseller program, you will acquire a web hosting Control Panel where you can select the prices for the various TLDs that the Registrar offers. Most companies also offer billing transaction software and site templates for your virtual shop, and the automation of the entire procedure combined with the significant demand for domains make the domain reseller business so desirable. You will either have a ready-made site and utilize the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own personal portal and form for placing orders. Generally, you have the opportunity to decide between the 2 options, so it all revolves around how advanced you are in these issues. As a domain reseller, you will work under your personal brand and not under the Registrar's brand.
Gain Revenue From Promoting Web Hosting Services As Well
A relevant addition to your domain name reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to users who desire to develop their website and demand both a domain and a hosting plan. A number of firms furnish such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoice software to bill your customers. You can then sell domain names and shared hosting packages to customers, and since they provide lots of different domain extensions, you will be able to offer domain name and hosting services to people from all over the globe.