The World Wide Web is an ever-increasing system that provides new options to earn cash on the Internet. One of these options is to be a domain name reseller and offer domains to end customers, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently functioning domains, so this is an enlarging trading niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain comprises two components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs include the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs involve 2-letter abbreviations that represent each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that administers the registrations and determines the preconditions that each particular TLD may involve, such as the duration of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that in fact sell the domain name to clients and manage all DNS resource records.
Earn Cash From Selling Domains
Numerous Registrars have reseller programs that allow individuals to make profit from selling domains to end clients. If you subscribe to such a program, you can initiate your own online business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can contact more customers in areas or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Trade Top-Level Domain Names Under Your Personal Trademark Name
When you subscribe to a domain reseller program, you will obtain a web space hosting Control Panel where you can determine the prices for the different top-level domain names that the Registrar provides. Most corporations also provide billing software and web page layouts for your web storefront, and the automation of the whole procedure together with the expanding demand for domains render the domain name reseller market niche so desirable. You will either obtain a turn-key site and use the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your very own web page and order form. Usually, you have the option to decide between the two options, so it all revolves around how expert you are in these affairs. As a domain reseller, you will do business on behalf of your own personal trademark name and not under the Registrar's.
Make Profit From Providing Webspace Hosting Plans Too
A logical addition to your domain reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to customers who wish to manage their web portal and need both a domain name and a web hosting plan. Some corporations have such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing management software to charge your customers. You can then offer Top-Level Domains and shared website hosting packages to customers, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to persons from all around the globe.