The Internet is an ever-flourishing community that provides new options to gain money online. One of these ways is to be a domain reseller and offer domains to end users, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of presently active domains, so this is a blooming marketing niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain comprises 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs consist of 2-character abbreviations that stand for each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code one, has a Registry - an institution that is responsible for the registrations and determines the prerequisites that each concrete Top-Level Domain may involve, among them the length of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that in fact sell the domain name to clients and administer all domain name resource records.
Make Cash From Trading Domain Names
Plenty of Registrars have reseller programs that enable people to gain money from selling domain names to end users. If you register with such a program, you can kick off your very own electronic business. Usually, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The cause is that resellers can contact more customers in local regions or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Sell TLDs Under Your Personal Brand
When you register with a domain name reseller program, you will get a CP where you can select the prices for the individual Top-Level Domains that the Registrar offers. Most firms also offer billing software and web page templates for your online storefront, and the automation of the whole procedure combined with the high demand for domains render the domain name reseller market niche so desirable. You will either obtain a pre-developed site and make use of the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own personal online portal and order form. Typically, you have the opportunity to decide between the two options, so it all revolves around how trained you are in these affairs. As a domain reseller, you will operate on behalf of your personal trademark name and not on behalf of the Registrar's.
Gain Revenue From Supplying Web Space Hosting Services Too
A proper addition to your domain name reseller business would be to sell web hosting packages too. Thus, you can offer a package deal to clients who would like to have their web site and require both a domain name and a web space hosting account. A few corporations offer such options. With 'ResellersPanel', for instance, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice transaction software to charge your customers. You can then sell Top-Level Domains and shared hosting accounts to customers, and since they provide lots of diverse domain name extensions, you will be able to offer domain and hosting services to users from all around the world.