The Internet is an ever-expanding community that supplies new opportunities to make money on the Internet. One of these possibilities is to be a domain reseller and sell domain names to end clients, gaining revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of presently active domain names, so this is a flourishing trading niche that you can become a part of.
TLDs and SLDs
A domain consists of two parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of 2-letter abbreviations that stand for each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code TLD, has a Registry - an institution that administers the registrations and determines the prerequisites that each concrete TLD may contain, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that in fact offer the domain name to clients and administer all domain records.
Gain Money From Trading Domains
Multiple Registrars have reseller programs that enable individuals to make profit from offering domains to end users. If you sign up for such a program, you can set up your very own personal online business. Generally, a domain will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can reach more clients in regions or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domain Names Under Your Very Own Personal Trademark Name
When you register with a domain reseller program, you will have a web hosting CP where you can set the prices for the specific TLDs that the Registrar provides. Most corporations also offer invoice management software and web page layouts for your virtual shop, and the automation of the entire procedure together with the enormous demand for domain names make the domain reseller business so tempting. You will either get a ready-to-use web site and use the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your own web portal and form for placing orders. Traditionally, you have the opportunity to select between the two possibilities, so it all depends on how advanced you are in these affairs. As a domain name reseller, you will operate on behalf of your very own brand name and not on behalf of the Registrar's.
Make Profit From Selling Webspace Hosting Solutions Too
A sensible supplement to your domain reseller business would be to sell web hosting services as well. Thereby, you can offer a package deal to users who would like to establish their online portal and need both a domain name and a webspace hosting plan. Some corporations have such options. With 'ResellersPanel', for instance, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoicing transaction software to charge your clients. You can then sell TLDs and shared hosting packages to clients, and since they offer lots of diverse domain extensions, you will be able to offer domain and hosting services to individuals from all around the globe.