Domain reseller
The Internet is an ever-enlarging community that generates new ways to earn cash online. One of them is to become a domain name reseller and sell domains to end customers, earning profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently functioning domains, so this is a flourishing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name comprises 2 pieces - 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 domain names can be generic or country code. The generic Top-Level Domains include the best known domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs include two-character abbreviations that stand for each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a ccTLD, has a Registry - an institution that manages the registrations and sets the requirements that each specific Top-Level Domain may entail, among them the length of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that actually sell the domain name to customers and handle all DNS records.
Gain Money From Reselling Domain Names
Lots of Registrars have reseller programs that enable individuals to gain money from selling domain names to end customers. If you register with such a program, you can set up your own electronic business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The reason is that resellers can contact more users in provinces or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Offer TLDs Under Your Personal Brand Name
When you sign up for a domain reseller program, you will obtain a Control Panel where you can choose the prices for the specific top-level domain names that the Registrar provides. Most companies also offer invoice management software and web templates for your virtual store, and the automation of the entire process combined with the considerable demand for domain names render the domain reseller market niche so attractive. You will either acquire a pre-developed web site and make use of the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own web portal and form for placing orders. Normally, you have the opportunity to decide between the two possibilities, so it all revolves around how skillful you are in these matters. As a domain reseller, you will sell on behalf of your very own personal brand and not under the Registrar's brand.
Earn Profit From Selling Web Space Hosting Accounts As Well
A perfect supplement to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can offer a package deal to individuals who desire to manage their web portal and need both a domain name and a webspace hosting package. Certain corporations offer such options. With 'ResellersPanel', for instance, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice management software to charge your clients. You can then sell Top-Level Domains and shared web hosting packages to customers, and since they provide many diverse domain name extensions, you will be able to provide domain name and hosting services to customers from all over the globe.