The Internet is an ever-increasing network that furnishes new opportunities to make money on the Internet. One of them is to become a domain name reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered every day, and there are millions of currently functioning domain names, so this is a flowering trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain consists of 2 parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs include the most conventional domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise 2-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an organization that manages the registrations and determines the requirements that each particular top-level domain name may have, like the length of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the firms that in fact offer the domain name to customers and manage all domain resource records.
Gain Profit From Reselling Domains
Multiple Registrars have reseller programs that allow people to gain profit from offering domains to end customers. If you sign up for such a program, you can kickstart your own personal e-business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can contact more users in regional districts or states where the Registrar may not be popular at all. This means 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 client pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domains Under Your Own Personal Brand
When you register with a domain reseller program, you will have a hosting CP where you can determine the prices for the individual top-level domain names that the Registrar offers. Most companies also provide invoice management software and web templates for your virtual storefront, and the automation of the entire process together with the vast demand for domains render the domain name reseller industry so tempting. You will either get a ready-made 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 create your own personal portal and order form. Normally, you have the option to select between the 2 options, so it all revolves around how skilled you are in these things. As a domain reseller, you will sell on behalf of your personal brand name and not under the Registrar's brand.
Make Money From Promoting Website Hosting Accounts Too
A nice supplement to your domain reseller business would be to sell web hosting plans too. In this way, you can offer a package deal to individuals who want to manage their web page and require both a domain and a webspace hosting account. Particular corporations have such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free billing software to charge your clients. You can then sell Top-Level Domains and shared website hosting accounts to customers, and since they provide plenty of different domain name extensions, you will be able to provide domain and hosting services to persons from all over the globe.