The Internet is an ever-flourishing platform that provides new possibilities to earn cash online. One of these ways is to become a domain name reseller and sell domain names to end users, earning profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each day, and there are 1 000 000's of currently active domain names, so this is an expanding trading niche that you can become involved in.
TLDs and SLDs
A domain is made of 2 components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most widely used domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-character abbreviations that represent each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code one, has a Registry - an organization that handles the registrations and sets the requirements that each concrete TLD may include, such as the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact offer the domain name to clients and administer all domain name records.
Gain Cash From Trading Domain Names
Lots of Registrars have reseller programs that allow individuals to make profit from offering domains to end clients. If you subscribe to such a program, you can set up your own personal e-business. As a rule, a domain will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end client. The explanation is that resellers can contact more users in local communities or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Resell Top-Level Domains Under Your Very Own Personal Trademark Name
When you register with a domain name reseller program, you will have a web page hosting CP where you can choose the prices for the individual top-level domain names that the Registrar provides. Most corporations also provide invoice management software and web page layouts for your web shop, and the automation of the entire process together with the significant demand for domain names render the domain reseller business so seductive. You will either acquire a ready-to-use website and use the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your own personal online portal and form for placing orders. Generally, you have the opportunity to decide between the 2 options, so it all revolves around how accomplished you are in these matters. As a domain reseller, you will do business on behalf of your own personal brand name and not under the Registrar's brand.
Earn Cash From Selling Web Space Hosting Packages Too
A nice supplement to your domain name reseller business would be to sell web hosting plans as well. Thereby, you can give a package deal to customers who would like to set up their web page and need both a domain and a web page hosting plan. Particular corporations provide such options. With 'ResellersPanel', for example, you can buy a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing software to charge your clients. You can then sell domains and shared website hosting packages to customers, and since they provide lots of different domain extensions, you will be able to provide domain name and hosting services to people from all over the world.