Domain name reseller
The Internet is an ever-flourishing platform that provides new options to gain money online. One of these ways is to be a domain reseller and offer domain names to end users, earning 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 presently functioning domains, so this is a blossoming trading niche that you can be a part of.
TLDs and SLDs
A domain is made of two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains comprise two-letter abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that deals with the registrations and determines the prerequisites that each particular Top-Level Domain may entail, like the length of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually offer the domain name to customers and manage all DNS resource records.
Make Cash From Reselling Domain Names
Many Registrars have reseller programs that allow people to make money from selling domains to end customers. If you sign up for such a program, you can kick off your very own web business. Commonly, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can contact more users in local communities or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Trade Domains Under Your Own Personal Trademark Name
When you register with a domain name reseller program, you will obtain a web site hosting Control Panel where you can fix the prices for the individual top-level domain names that the Registrar offers. Most companies also provide billing management software and design themes for your virtual storefront, and the automation of the whole process combined with the increasing demand for domains render the domain reseller market so tempting. You will either get a ready-to-use website and make use of the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own website and form for placing orders. Normally, you have the option to choose between the 2 options, so it all depends on how skillful you are in these things. As a domain reseller, you will operate under your very own brand name and not under the Registrar's.
Gain Money From Offering Web Hosting Packages Too
A sensible supplement to your domain reseller business would be to sell web hosting plans too. Thus, you can give a package deal to people who desire to manage their web site and require both a domain name and a website hosting plan. A few firms provide such options. With 'ResellersPanel', for instance, you can run a VPS or a dedicated server, and they will also offer you a domain name reseller account and free billing management software to charge your customers. You can then sell domain names and shared web hosting packages to clients, and since they offer a lot of diverse domain extensions, you will be able to provide domain name and hosting services to individuals from all over the globe.