Domain name reseller
The Internet is an ever-flourishing platform that generates new opportunities to earn money online. One of these options is to be a domain name reseller and offer domains to end customers, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are millions of presently functioning domain names, so this is a growing trading niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain comprises 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most popular domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs contain 2-letter abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and determines the preconditions that each given Top-Level Domain may include, like the length of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact offer the domain name to clients and administer all domain records.
Make Profit From Trading Domain Names
Lots of Registrars have reseller programs that allow people to make money from selling domain names to end users. If you sign up for such a program, you can initiate your own personal Internet business. Generally, a domain will be more inexpensive 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 reach more individuals in local regions or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will earn a profit from 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.
Offer Top-Level Domain Names On Behalf Of Your Very Own Brand Name
When you subscribe to a domain reseller program, you will get a Control Panel where you can fix the prices for the different TLDs that the Registrar provides. Most companies also provide invoice management software and web site layouts for your virtual store, and the automation of the entire process combined with the immense demand for domain names render the domain name reseller market so attractive. You will either acquire a pre-built web site 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 very own web page and order form. Generally, you have the opportunity to choose between the two possibilities, so it all revolves around how trained you are in these matters. As a domain name reseller, you will sell on behalf of your own personal brand and not under the Registrar's brand.
Earn Cash From Providing Webspace Hosting Packages Too
A logical addition to your domain name reseller business would be to sell web hosting packages as well. Thus, you can give a package deal to people who want to launch their web portal and require both a domain name and a web space hosting account. Certain companies provide such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice software to bill your customers. You can then offer domain names and shared website hosting accounts to customers, and since they offer plenty of different domain extensions, you will be able to offer domain name and hosting services to customers from all around the world.