The Internet is an ever-expanding system that supplies new options to gain money on the Web. One of these possibilities is to become a domain name reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are millions of presently functioning domain names, so this is an increasing marketing niche that you can be engaged in.
TLDs and SLDs
A domain comprises 2 entities - a top-level domain name (TLD) and a Second-Level Domain (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 generic top-level domain names comprise the best known domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs comprise 2-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code top-level domain name, has a Registry - an organization that handles the registrations and sets the preconditions that each given TLD may entail, such as the length of the registration term or the citizenship of the registrant. A number of Registrar firms operate under the Registry. These are the companies that in fact offer the domain name to customers and handle all domain name records.
Earn Money From Trading Domain Names
Lots of Registrars have reseller programs that permit individuals to earn cash from offering domains to end clients. If you register with such a program, you can commence your own e-business. Commonly, a domain will be more inexpensive if it is registered via a reseller rather than if it is bought straight from the Registrar by an end client. The cause is that resellers can reach more customers in local regions or states where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Offer TLDs Under Your Very Own Brand Name
When you sign up for a domain name reseller program, you will obtain a web page hosting CP where you can fix the prices for the various top-level domain names that the Registrar provides. Most companies also provide invoice management software and web site themes for your online shop, and the automation of the whole procedure combined with the high demand for domains render the domain name reseller business so tempting. You will either get a ready-to-use website and avail of the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own online portal and form for placing orders. Generally, you have the option to decide between the two possibilities, so it all revolves around how skilled you are in these affairs. As a domain reseller, you will sell on behalf of your own personal brand and not under the Registrar's brand.
Gain Profit From Promoting Hosting Plans Too
A reasonable addition to your domain reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to people who desire to run their web site and require both a domain name and a web site hosting package. A number of companies provide such options. With 'ResellersPanel', for example, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free invoice software to charge your customers. You can then sell Top-Level Domains and shared web hosting accounts to clients, and since they provide plenty of different domain name extensions, you will be able to provide domain name and hosting services to individuals from all around the world.