The World Wide Web is an ever-flourishing platform that delivers new options to earn cash on the Web. One of them is to become a domain name reseller and sell domains to end users, generating revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each day, and there are 1 000 000's of presently active domains, so this is an increasing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain involves 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the most popular domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include 2-character abbreviations that signify 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 or a country-code top-level domain name, has a Registry - an institution that tackles the registrations and sets the preconditions that each given top-level domain name may have, including the duration of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to clients and administer all domain name records.
Gain Cash From Trading Domains
Plenty of Registrars have reseller programs that allow people to earn cash from offering domains to end customers. If you sign up for such a program, you can commence your very own e-business. Typically, a domain will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The explanation is that resellers can reach more individuals in regional communities or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both sides will take advantage of 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 Top-Level Domain Names On Behalf Of Your Own Personal Trademark Name
When you subscribe to a domain reseller program, you will obtain a webspace hosting CP where you can choose the prices for the separate top-level domain names that the Registrar offers. Most companies also offer invoice software and skins for your virtual store, and the automation of the whole process together with the rising demand for domains make the domain reseller business so desirable. You will either obtain a turn-key site and make use of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal web portal and form for placing orders. Generally, you have the opportunity to choose between the 2 possibilities, so it all depends on how proficient you are in these things. As a domain name reseller, you will do business under your own personal brand name and not on behalf of the Registrar's.
Gain Cash From Offering Site Hosting Accounts Too
A relevant supplement to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to individuals who want to develop their web page and need both a domain name and a web space hosting package. A few corporations furnish such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and cost-free invoice software to bill your clients. You can then offer TLDs and shared website hosting accounts to clients, and since they provide a lot of different domain extensions, you will be able to provide domain name and hosting services to users from all over the globe.