The Internet is an ever-growing platform that provides new opportunities to make money on the Internet. One of these ways is to be a domain reseller and sell domains to end clients, generating revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of currently active domains, so this is a flourishing marketing niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name is composed of 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of 2-letter abbreviations that represent each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an institution that manages the registrations and sets the prerequisites that each particular Top-Level Domain may have, such as the duration of the registration term or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the companies that in fact offer the domain name to clients and handle all domain name resource records.
Make Profit From Reselling Domains
Multiple Registrars have reseller programs that permit people to gain profit from selling domain names to end users. If you sign up for such a program, you can commence your own e-business. As a rule, a domain will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end user. The reason is that resellers can contact more clients in regions or states 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 customer pays and the one that the Registrar charges for the domain registration.
Trade Domains On Behalf Of Your Personal Brand
When you subscribe to a domain name reseller program, you will get a web hosting Control Panel where you can set the prices for the individual TLDs that the Registrar provides. Most corporations also offer billing software and web design skins for your online store, and the automation of the entire process coupled with the considerable demand for domain names render the domain reseller industry so alluring. You will either acquire a ready-to-use web site and use the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your very own online portal and form for placing orders. Traditionally, you have the opportunity to select between the two alternatives, so it all depends on how proficient you are in these things. As a domain name reseller, you will do business under your own trademark name and not on behalf of the Registrar's brand.
Gain Profit From Providing Web Page Hosting Accounts Too
A suitable supplement to your domain reseller business would be to sell web hosting services too. Thus, you can give a package deal to clients who would like to develop their website and require both a domain name and a site hosting package. A number of firms provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing transaction software to charge your customers. You can then sell top-level domain names and shared website hosting accounts to clients, and since they offer a lot of different domain name extensions, you will be able to provide domain and hosting services to clients from all around the globe.