The World Wide Web is an ever-expanding network that generates new opportunities to earn cash online. One of these options is to become a domain reseller and offer domains to end users, earning revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each and every day, and there are millions of presently active domain names, so this is an increasing business niche that you can be engaged in.
TLDs and SLDs
A domain name is composed of two constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs include the most popular domain extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs include two-letter abbreviations that correspond to 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, has a Registry - an institution that administers the registrations and sets the preconditions that each concrete top-level domain name may include, among them the length of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually sell the domain name to customers and administer all domain records.
Gain Revenue From Trading Domain Names
Lots of Registrars have reseller programs that permit people to earn revenue from offering domain names to end customers. If you sign up for such a program, you can establish your own Internet business. Usually, a domain name will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The cause is that resellers can reach more people in areas or states where the Registrar may not be famous whatsoever. This implies 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.
Resell Top-Level Domains Under Your Own Brand
When you sign up for a domain reseller program, you will receive a Control Panel where you can fix the prices for the specific Top-Level Domains that the Registrar offers. Most firms also offer invoice management software and web layouts for your web store, and the automation of the whole process together with the strong demand for domain names render the domain name reseller market so seductive. You will either obtain a pre-made site and avail of the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own personal web site and form for placing orders. Commonly, you have the option to choose between the two possibilities, so it all depends on how advanced you are in these matters. As a domain name reseller, you will do business under your personal trademark name and not on behalf of the Registrar's.
Make Revenue From Providing Web Page Hosting Plans Too
A perfect supplement to your domain reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to persons who want to establish their web portal and need both a domain and a webspace hosting account. Particular firms supply such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free billing software to bill your customers. You can then sell domain names and shared hosting plans to customers, and since they offer many different domain name extensions, you will be able to offer domain name and hosting services to persons from all around the world.