The World Wide Web is an ever-flourishing system that supplies new opportunities to earn cash online. One of these opportunities is to be a domain name reseller and offer domain names to end users, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of presently active domain names, so this is an expanding trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name is composed of two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain two-letter abbreviations that represent each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code TLD, has a Registry - an institution that manages the registrations and determines the prerequisites that each given top-level domain name may contain, such as the duration of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that in fact sell the domain name to customers and administer all DNS resource records.
Earn Cash From Reselling Domains
Multiple Registrars have reseller programs that permit individuals to gain cash from selling domain names to end users. If you sign up for such a program, you can start your own personal e-business. Regularly, a domain name will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end client. The reason is that resellers can contact more people in provinces or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will take advantage of 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.
Sell Domains Under Your Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will receive a web page hosting CP where you can select the prices for the various Top-Level Domains that the Registrar provides. Most companies also provide invoice transaction software and website skins for your virtual storefront, and the automation of the whole process combined with the great demand for domain names make the domain reseller industry so tempting. You will either get a pre-made web site and avail of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your very own personal online portal and order form. Normally, you have the option to decide between the 2 possibilities, so it all depends on how accomplished you are in these things. As a domain reseller, you will do business under your own personal trademark name and not under the Registrar's brand.
Earn Revenue From Providing Web Space Hosting Solutions Too
A good addition to your domain reseller business would be to sell web hosting services as well. Thus, you can give a package deal to users who wish to have their web portal and demand both a domain and a web hosting account. Certain companies supply such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and cost-free billing transaction software to charge your customers. You can then offer top-level domain names and shared website hosting packages to clients, and since they provide a lot of different domain name extensions, you will be able to provide domain name and hosting services to people from all around the globe.