The World Wide Web is an ever-increasing platform that provides new opportunities to gain cash on the Web. One of these ways is to be a domain name reseller and sell domain names to end customers, making revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are millions of presently functioning domain names, so this is a flourishing marketing niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain name contains 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names include 2-letter abbreviations that correspond to each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an organization that handles the registrations and sets the preconditions that each given Top-Level Domain may include, like the length of the registration period or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the corporations that actually sell the domain name to customers and administer all domain name records.
Earn Cash From Trading Domain Names
Numerous Registrars have reseller programs that enable people to gain profit from selling domain names to end clients. If you subscribe to such a program, you can start your own online business. Typically, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The reason is that resellers can contact more users in local regions or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Sell Domains Under Your Personal Brand Name
When you subscribe to a domain name reseller program, you will receive a web space hosting Control Panel where you can settle the prices for the various Top-Level Domains that the Registrar provides. Most corporations also provide invoice software and website layouts for your virtual shop, and the automation of the whole procedure combined with the enlarging demand for domains render the domain reseller business so tempting. You will either get a ready-made site and avail of the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your own personal web page and order form. Usually, you have the opportunity to decide between the two alternatives, so it all revolves around how skilled you are in these issues. As a domain name reseller, you will sell under your personal brand name and not under the Registrar's.
Make Money From Promoting Web Site Hosting Plans Too
A nice addition to your domain reseller business would be to sell web hosting plans as well. Thereby, you can give a package deal to individuals who want to launch their web site and require both a domain name and a webspace hosting plan. A few corporations furnish such options. With 'ResellersPanel', for example, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and charge-free invoice software to charge your clients. You can then offer domains and shared hosting packages to clients, and since they provide plenty of different domain extensions, you will be able to provide domain and hosting services to customers from all around the world.