The World Wide Web is an ever-growing platform that provides new options to gain cash online. One of these possibilities is to become a domain reseller and sell domains to end clients, generating revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered every day, and there are millions of presently functioning domain names, so this is a thriving trading niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name comprises 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic top-level domain names include the most conventional domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs contain two-letter abbreviations that denote each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a ccTLD, has a Registry - an organization that manages the registrations and sets the prerequisites that each given top-level domain name may have, such as the length of the registration term or the citizenship of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that actually sell the domain name to customers and handle all domain resource records.
Gain Profit From Trading Domains
Many Registrars have reseller programs that enable people to gain revenue from selling domains to end clients. If you register with such a program, you can start your own Internet business. As a rule, 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 user. The cause is that resellers can contact more people in regional communities or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Trade TLDs On Behalf Of Your Own Brand
When you subscribe to a domain reseller program, you will receive a website hosting Control Panel where you can settle the prices for the specific top-level domain names that the Registrar provides. Most firms also provide invoicing software and website templates for your virtual storefront, and the automation of the entire procedure combined with the immense demand for domains render the domain reseller business niche so attractive. You will either have a ready-made site and avail of the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your own personal online portal and order form. Generally, you have the option to select between the 2 alternatives, so it all depends on how practiced you are in these issues. As a domain reseller, you will work on behalf of your very own brand and not on behalf of the Registrar's brand.
Gain Revenue From Supplying Web Page Hosting Packages Too
A suitable addition to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to people who would like to establish their online portal and require both a domain and a web space hosting package. A number of corporations furnish such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing transaction software to charge your clients. You can then offer Top-Level Domains and shared web hosting plans to clients, and since they provide plenty of different domain name extensions, you will be able to provide domain name and hosting services to users from all around the world.