The World Wide Web is an ever-expanding community that offers new possibilities to gain money on the Internet. One of these possibilities is to become a domain reseller and sell domains to end customers, making profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domains, so this is a developing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain involves two components - 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 Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic Top-Level Domains comprise the best known domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-character abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code top-level domain name, has a Registry - an institution that manages the registrations and sets the prerequisites that each given Top-Level Domain may contain, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that actually sell the domain name to customers and handle all domain resource records.
Make Money From Reselling Domains
Numerous Registrars have reseller programs that allow people to make money from selling domain names to end users. If you sign up for such a program, you can set up your very own electronic business. Regularly, a domain will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The cause is that resellers can reach more users in areas or countries where the Registrar may not be known at all. This implies 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 user pays and the one that the Registrar imposes for the domain registration.
Trade Domains On Behalf Of Your Personal Brand
When you register with a domain reseller program, you will obtain a web page hosting Control Panel where you can settle the prices for the various TLDs that the Registrar offers. Most companies also provide invoice management software and site themes for your virtual shop, and the automation of the whole procedure combined with the proliferating demand for domain names make the domain name reseller market so tempting. You will either acquire a ready-for-use site and make use of the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own website and form for placing orders. Traditionally, you have the option to decide between the 2 possibilities, so it all depends on how experienced you are in these things. As a domain name reseller, you will operate on behalf of your very own brand and not under the Registrar's brand.
Make Money From Selling Web Space Hosting Services As Well
A nice addition to your domain reseller business would be to sell web hosting plans too. In this way, you can give a package deal to clients who desire to manage their online portal and demand both a domain name and a webspace hosting plan. Certain firms supply such options. With 'ResellersPanel', for example, you can manage a VPS or a dedicated server, and they will also give you a domain reseller account and free invoicing transaction software to bill your customers. You can then sell domains and shared website hosting plans to customers, and since they offer plenty of different domain extensions, you will be able to offer domain and hosting services to individuals from all around the world.