The World Wide Web is an ever-expanding system that provides new opportunities to gain money on the Web. One of these ways is to become a domain reseller and offer domains to end customers, making revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of presently active domain names, so this is a blossoming trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain involves 2 constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the best known domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs are composed of 2-letter abbreviations that represent each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that administers the registrations and sets the preconditions that each specific TLD may involve, such as the length of the registration term or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that in fact sell the domain name to clients and administer all DNS resource records.
Earn Revenue From Offering Domains
Multiple Registrars have reseller programs that allow individuals to gain cash from selling domains to end users. If you register with such a program, you can kickstart your own electronic business. Commonly, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end customer. The reason is that resellers can contact more customers in areas or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both sides will cash in on that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Trade Domains On Behalf Of Your Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will have a web space hosting CP where you can settle the prices for the separate TLDs that the Registrar offers. Most companies also provide billing transaction software and web themes for your virtual shop, and the automation of the entire process together with the flourishing demand for domains make the domain name reseller business so seductive. You will either receive a pre-built web site and use the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your very own web page and form for placing orders. Normally, you have the opportunity to decide between the two possibilities, so it all depends on how expert you are in these affairs. As a domain name reseller, you will do business on behalf of your own trademark name and not on behalf of the Registrar's.
Earn Revenue From Offering Web Space Hosting Accounts Too
A good supplement to your domain name reseller business would be to sell web hosting plans as well. Thus, you can give a package deal to persons who want to set up their web portal and require both a domain and a web hosting package. Some corporations supply such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoicing transaction software to bill your customers. You can then offer domains and shared web hosting packages to clients, and since they offer plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all around the globe.