The Internet is an ever-increasing community that supplies new options to earn cash on the Internet. One of these opportunities is to be a domain name reseller and sell domains to end customers, making profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are millions of currently functioning domain names, so this is a growing business niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain involves two parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most common domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs comprise 2-letter abbreviations that correspond to each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code top-level domain name, has a Registry - an institution that tackles the registrations and determines the preconditions that each specific top-level domain name may include, like the length of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually sell the domain name to clients and manage all DNS resource records.
Earn Profit From Trading Domain Names
Plenty of Registrars have reseller programs that enable people to make profit from selling domain names to end users. If you register with such a program, you can establish your very own web business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The reason is that resellers can reach more users in provinces or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Trade Domains Under Your Personal Brand
When you register with a domain name reseller program, you will receive a site hosting CP where you can choose the prices for the individual top-level domain names that the Registrar provides. Most corporations also provide invoice management software and site layouts for your online shop, and the automation of the entire procedure combined with the large demand for domain names make the domain reseller market niche so seductive. You will either acquire a pre-made web site and make use of the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own web page and form for placing orders. Traditionally, you have the option to choose between the 2 possibilities, so it all revolves around how skilled you are in these matters. As a domain reseller, you will work on behalf of your own brand and not under the Registrar's.
Gain Profit From Offering Web Hosting Accounts As Well
A perfect supplement to your domain name reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to users who want to make their site and require both a domain and a site hosting account. Some corporations supply such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice management software to bill your clients. You can then sell domain names and shared hosting accounts to customers, and since they offer plenty of different domain name extensions, you will be able to offer domain and hosting services to people from all over the world.