The World Wide Web is an ever-increasing community that generates new options to earn money online. One of these options is to be a domain reseller and offer domain names to end customers, earning revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each day, and there are millions of currently active domain names, so this is a growing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain is made of 2 constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains comprise two-letter abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that administers the registrations and sets the prerequisites that each particular TLD may involve, such as the duration of the registration term or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the companies that in fact sell the domain name to customers and handle all domain resource records.
Earn Money From Reselling Domain Names
Numerous Registrars have reseller programs that permit individuals to earn revenue from selling domains to end clients. If you sign up for such a program, you can initiate your own electronic business. Normally, 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 reason is that resellers can reach more individuals in regional communities or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Sell Domains On Behalf Of Your Very Own Personal Brand
When you subscribe to a domain reseller program, you will receive a webspace hosting Control Panel where you can settle the prices for the separate TLDs that the Registrar provides. Most companies also provide billing transaction software and design layouts for your online store, and the automation of the whole process combined with the flourishing demand for domain names render the domain reseller market so seductive. You will either receive a pre-developed site and utilize the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own portal and form for placing orders. Normally, you have the opportunity to pick between the 2 possibilities, so it all depends on how advanced you are in these matters. As a domain name reseller, you will operate on behalf of your very own trademark name and not under the Registrar's brand.
Gain Money From Supplying Site Hosting Packages As Well
A perfect addition to your domain reseller business would be to sell web hosting plans as well. In this way, you can offer a package deal to users who would like to manage their web site and require both a domain and a site hosting account. A number of companies furnish such options. With 'ResellersPanel', for example, you can purchase a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoice management software to bill your customers. You can then offer Top-Level Domains and shared hosting accounts to customers, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to clients from all around the globe.