The Internet is an ever-growing community that generates new opportunities to gain money on the Web. One of these options is to become a domain reseller and offer domains to end clients, generating profit 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 currently functioning domains, so this is a flourishing business niche that you can become involved in.
TLDs and SLDs
A domain name comprises 2 components - 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 SLD.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most conventional domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs consist of 2-character abbreviations that symbolize each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, 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 preconditions that each specific TLD may impose, such as the length of the registration term or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually offer the domain name to customers and manage all DNS records.
Gain Money From Reselling Domain Names
Plenty of Registrars have reseller programs that permit people to earn profit from offering domain names to end clients. If you sign up for such a program, you can kickstart your very own personal online business. As a rule, a domain will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The explanation is that resellers can reach more people in local regions or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Trade Top-Level Domain Names Under Your Own Trademark Name
When you sign up for a domain name reseller program, you will have a webspace hosting Control Panel where you can select the prices for the specific TLDs that the Registrar offers. Most corporations also provide invoice transaction software and web page layouts for your online storefront, and the automation of the entire procedure combined with the strong demand for domains render the domain reseller business so seductive. You will either get a ready-made website and avail of the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your own personal web page and form for placing orders. Generally, you have the opportunity to select between the two alternatives, so it all depends on how advanced you are in these affairs. As a domain reseller, you will do business on behalf of your very own brand name and not under the Registrar's.
Gain Revenue From Trading Web Site Hosting Packages Too
A perfect addition to your domain reseller business would be to sell web hosting solutions as well. Thus, you can give a package deal to people who would like to establish their web site and require both a domain and a website hosting plan. A few corporations supply such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free invoicing transaction software to bill your clients. You can then offer top-level domain names and shared web hosting packages to customers, and since they provide plenty of different domain extensions, you will be able to provide domain name and hosting services to customers from all over the globe.