The Internet is an ever-expanding system that offers new possibilities to gain cash online. One of them is to become a domain reseller and sell domain names to end clients, gaining profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently functioning domain names, so this is an expanding trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain contains two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are composed of 2-letter abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that manages the registrations and sets the requirements that each given Top-Level Domain may include, among them the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to customers and administer all domain records.
Gain Cash From Selling Domain Names
Multiple Registrars have reseller programs that permit people to make profit from offering domain names to end clients. If you sign up for such a program, you can begin your very own personal web business. Regularly, a domain will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can contact more customers in regional districts or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Sell TLDs Under Your Personal Trademark Name
When you subscribe to a domain reseller program, you will get a CP where you can determine the prices for the various TLDs that the Registrar offers. Most companies also provide invoicing transaction software and web site themes for your web shop, and the automation of the entire procedure coupled with the considerable demand for domains render the domain reseller market so seductive. You will either acquire a pre-made website and make use of 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 site and form for placing orders. Normally, you have the option to select between the 2 alternatives, so it all revolves around how experienced you are in these affairs. As a domain reseller, you will do business under your own personal brand name and not on behalf of the Registrar's brand.
Gain Profit From Trading Site Hosting Packages As Well
An excellent addition to your domain reseller business would be to sell web hosting services as well. Thereby, you can give a package deal to people who want to develop their online portal and require both a domain and a web hosting account. Some companies offer such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice transaction software to bill your clients. You can then sell Top-Level Domains and shared web hosting packages to clients, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to clients from all over the world.