The Internet is an ever-growing system that offers new ways to gain money on the Web. One of these possibilities is to become a domain reseller and offer domain names to end clients, gaining profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domain names, so this is a growing marketing niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain consists of 2 constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names include 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 generic TLD or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and determines the requirements that each concrete TLD may impose, among them the duration of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to clients and manage all domain records.
Earn Money From Offering Domains
Multiple Registrars have reseller programs that allow individuals to earn revenue from selling domain names to end users. If you subscribe to such a program, you can initiate your very own online business. Typically, a domain will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can contact more persons in provinces or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will earn a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade Domains On Behalf Of Your Own Personal Brand Name
When you register with a domain name reseller program, you will get a site hosting Control Panel where you can set the prices for the separate TLDs that the Registrar offers. Most companies also offer invoicing transaction software and web site layouts for your online shop, and the automation of the whole procedure coupled with the growing demand for domains make the domain name reseller market niche so attractive. You will either get a pre-made web site and make use of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your very own portal and order form. Typically, you have the opportunity to select between the two options, so it all depends on how accomplished you are in these issues. As a domain reseller, you will work under your own personal brand name and not under the Registrar's.
Earn Money From Reselling Web Space Hosting Services Too
An appropriate supplement to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to users who desire to set up their web site and need both a domain name and a webspace hosting package. Certain firms supply such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free invoicing transaction software to charge your clients. You can then sell domains and shared hosting packages to clients, and since they provide many different domain name extensions, you will be able to offer domain name and hosting services to individuals from all around the world.