The World Wide Web is an ever-expanding platform that provides new options to earn money on the Web. One of these opportunities is to be a domain reseller and sell domains to end clients, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each and every day, and there are millions of presently functioning domains, so this is a blooming marketing niche that you can become involved in.
TLDs and SLDs
A domain name is composed of 2 pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The gTLDs include the most common domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of 2-character abbreviations that stand for each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that handles the registrations and determines the requirements that each specific TLD may entail, among them the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the companies that actually sell the domain name to clients and handle all domain resource records.
Gain Money From Trading Domains
Numerous Registrars have reseller programs that permit individuals to earn cash from selling domains to end clients. If you sign up for such a program, you can set up your very own web business. Typically, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The reason is that resellers can reach more customers in regions or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties 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 charges for the domain registration.
Resell Top-Level Domains Under Your Very Own Personal Brand
When you sign up for a domain reseller program, you will have a Control Panel where you can fix the prices for the individual TLDs that the Registrar offers. Most firms also provide invoice transaction software and web site skins for your web storefront, and the automation of the whole process together with the strong demand for domain names make the domain reseller market niche so desirable. You will either get a pre-developed web site and utilize the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own personal site and order form. Usually, you have the opportunity to decide between the 2 possibilities, so it all depends on how experienced you are in these affairs. As a domain name reseller, you will work on behalf of your very own brand name and not under the Registrar's brand.
Earn Money From Reselling Site Hosting Services As Well
A suitable supplement to your domain reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to persons who desire to launch their website and need both a domain and a web site hosting plan. Certain corporations provide such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free invoice transaction software to charge your customers. You can then offer TLDs and shared hosting packages to customers, and since they offer plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to users from all over the world.