The World Wide Web is an ever-increasing platform that provides new ways to earn cash online. One of these possibilities is to be a domain reseller and sell domains to end customers, making profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are 1 000 000's of presently functioning domain names, so this is a developing trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain consists of 2 entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs involve two-character abbreviations that denote each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code TLD, has a Registry - an organization that deals with the registrations and sets the preconditions that each particular TLD may entail, such as the length of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that actually sell the domain name to customers and manage all domain name resource records.
Earn Cash From Selling Domains
Many Registrars have reseller programs that enable people to gain cash from selling domain names to end customers. If you register with such a program, you can launch your very own electronic business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can reach more individuals in regions or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Sell Domains On Behalf Of Your Very Own Personal Brand Name
When you register with a domain reseller program, you will have a web hosting Control Panel where you can fix the prices for the individual TLDs that the Registrar offers. Most corporations also offer billing management software and site templates for your web storefront, and the automation of the whole procedure together with the considerable demand for domain names render the domain name reseller market so desirable. You will either receive a ready-for-use site and avail of the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own web page and form for placing orders. Normally, you have the option to decide between the 2 options, so it all revolves around how accomplished you are in these issues. As a domain name reseller, you will do business under your very own personal trademark name and not under the Registrar's brand.
Gain Revenue From Providing Website Hosting Services As Well
A sensible supplement to your domain reseller business would be to sell web hosting plans as well. In this way, you can give a package deal to users who would like to launch their web portal and demand both a domain and a webspace hosting account. A few corporations furnish such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also offer you a domain reseller account and free invoice transaction software to bill your customers. You can then sell domain names and shared hosting accounts to customers, and since they offer many different domain name extensions, you will be able to provide domain name and hosting services to individuals from all over the world.