The World Wide Web is an ever-enlarging system that provides new opportunities to earn money on the Web. One of them is to become a domain name reseller and offer domain names to end clients, gaining profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are millions of currently active domain names, so this is a flowering business niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain involves 2 components - 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 and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The gTLDs include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include two-character abbreviations that stand for each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code one, has a Registry - an institution that deals with the registrations and determines the requirements that each particular Top-Level Domain may include, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain records.
Earn Money From Trading Domain Names
Lots of Registrars have reseller programs that enable people to make money from selling domains to end customers. If you register with such a program, you can commence your very own web business. Typically, a domain name will be cheaper if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The cause is that resellers can contact more clients in regions or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Trade TLDs Under Your Own Personal Trademark Name
When you sign up for a domain name reseller program, you will receive a Control Panel where you can settle the prices for the various Top-Level Domains that the Registrar provides. Most companies also provide invoice transaction software and web skins for your online store, and the automation of the entire process together with the huge demand for domain names render the domain reseller business niche so seductive. You will either obtain a pre-developed web site and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal web site and form for placing orders. Generally, you have the option to select between the two options, so it all revolves around how skillful you are in these things. As a domain name reseller, you will work under your personal trademark name and not on behalf of the Registrar's brand.
Make Profit From Reselling Web Site Hosting Services As Well
A proper addition to your domain name reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to users who wish to launch their web page and require both a domain name and a website hosting package. Given firms supply such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also give you a domain reseller account and cost-free invoice software to charge your clients. You can then sell TLDs and shared web hosting packages to clients, and since they offer many different domain extensions, you will be able to offer domain name and hosting services to people from all over the globe.