The Internet is an ever-increasing network that generates new ways to earn money online. One of these opportunities is to be a domain name reseller and offer domains to end clients, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is an enlarging trading niche that you can be involved in.
TLDs and SLDs
A domain name includes two components - 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 Domain Names
The Top-Level Domains can be generic or country code. The generic TLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve 2-character abbreviations that symbolize each country. Examples of country-code top-level domain names 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 prerequisites that each particular top-level domain name may involve, like the length of the registration period or the residency of the registrant. A number of Registrar companies work under the Registry. These are the companies that actually offer the domain name to customers and administer all domain name records.
Earn Money From Selling Domain Names
Many Registrars have reseller programs that allow individuals to make money from offering domain names to end customers. If you subscribe to such a program, you can kickstart your own e-business. Generally, a domain name will be more inexpensive if it is registered via a reseller rather than if it is bought straight from the Registrar by an end client. The reason is that resellers can reach more persons in areas or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Trade TLDs Under Your Own Brand Name
When you sign up for a domain name reseller program, you will have a web site hosting CP where you can determine the prices for the different TLDs that the Registrar provides. Most firms also offer invoice transaction software and website themes for your virtual store, and the automation of the entire process coupled with the considerable demand for domain names make the domain reseller industry so alluring. You will either have a pre-developed website and use the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal web page and form for placing orders. Typically, you have the opportunity to pick between the two alternatives, so it all revolves around how expert you are in these matters. As a domain reseller, you will do business on behalf of your own personal brand name and not on behalf of the Registrar's brand.
Gain Money From Trading Web Page Hosting Packages Too
A sensible addition to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to users who would like to have their site and need both a domain and a hosting account. A few corporations furnish such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge billing transaction software to bill your customers. You can then sell domain names and shared hosting plans to customers, and since they offer lots of diverse domain extensions, you will be able to offer domain and hosting services to people from all around the globe.