The World Wide Web is an ever-increasing community that generates new options to make cash online. One of these options is to be a domain name reseller and offer domains to end customers, generating revenue from the difference between the wholesale and the retail price 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 expanding trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain involves two entities - 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 second-level domain name.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic TLDs comprise the most famous domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs contain 2-letter abbreviations that denote each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that deals with the registrations and sets the preconditions that each specific TLD may include, such as the duration of the registration period 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 administer all domain name resource records.
Gain Cash From Trading Domains
A lot of Registrars have reseller programs that allow people to make money from offering domain names to end clients. If you subscribe to such a program, you can establish your very own personal electronic business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The reason is that resellers can contact more persons in provinces or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will earn a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Offer Domain Names Under Your Very Own Brand Name
When you subscribe to a domain reseller program, you will acquire a site hosting Control Panel where you can fix the prices for the separate Top-Level Domains that the Registrar offers. Most corporations also provide invoice transaction software and design skins for your virtual storefront, and the automation of the whole procedure coupled with the flourishing demand for domains render the domain reseller market so desirable. You will either obtain a ready-for-use web site and make use of the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own web portal and form for placing orders. Traditionally, you have the opportunity to decide between the two alternatives, so it all revolves around how expert you are in these things. As a domain reseller, you will sell on behalf of your own brand name and not on behalf of the Registrar's.
Make Money From Supplying Web Page Hosting Solutions As Well
An excellent supplement to your domain reseller business would be to sell web hosting plans as well. Thus, you can give a package deal to persons who desire to launch their web portal and require both a domain name and a web space hosting account. Some corporations provide such options. With 'ResellersPanel', for instance, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free invoicing transaction software to bill your clients. You can then offer TLDs and shared website hosting plans to customers, and since they provide a lot of diverse domain extensions, you will be able to provide domain and hosting services to clients from all around the world.