The Internet is an ever-growing platform that provides new possibilities to gain cash on the Internet. One of these options is to become a domain reseller and offer domains to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are millions of presently active domains, so this is a flowering marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain includes two components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names involve 2-character abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that manages the registrations and determines the requirements that each particular Top-Level Domain may contain, including the duration of the registration period or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact sell the domain name to customers and handle all domain resource records.
Gain Profit From Trading Domain Names
Multiple Registrars have reseller programs that permit people to gain money from offering domain names to end customers. If you sign up for such a program, you can begin your own personal web business. Commonly, a domain name will be cheaper if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The reason is that resellers can reach more customers in local communities or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Offer Top-Level Domains On Behalf Of Your Own Personal Trademark Name
When you subscribe to a domain reseller program, you will get a website hosting CP where you can select the prices for the separate top-level domain names that the Registrar offers. Most firms also offer invoice management software and web design skins for your virtual store, and the automation of the entire procedure coupled with the strong demand for domain names make the domain reseller market niche so attractive. You will either acquire a ready-made site and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own online portal and order form. Normally, you have the opportunity to pick between the 2 options, so it all revolves around how skillful you are in these affairs. As a domain reseller, you will sell under your personal trademark name and not on behalf of the Registrar's brand.
Make Profit From Providing Site Hosting Services As Well
A suitable supplement to your domain reseller business would be to sell web hosting accounts as well. In this way, you can offer a package deal to people who wish to establish their online portal and require both a domain and a web page hosting plan. Some firms have such options. With 'ResellersPanel', for example, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoicing transaction software to bill your customers. You can then offer TLDs and shared hosting plans to clients, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to people from all around the globe.