The Internet is an ever-enlarging network that supplies new opportunities to make money on the Internet. One of these possibilities is to become a domain name reseller and sell domains to end clients, 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 1 000 000's of currently functioning domains, so this is an enlarging trading niche that you can be involved in.
TLDs and SLDs
A domain name is made of two parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of two-letter abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code Top-Level Domain, has a Registry - an organization that handles the registrations and determines the preconditions that each particular TLD may include, such as the length of the registration term or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the companies that actually sell the domain name to clients and manage all domain name resource records.
Earn Revenue From Offering Domains
Numerous Registrars have reseller programs that enable individuals to make profit from offering domain names to end clients. If you subscribe to such a program, you can commence your own web business. Normally, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can reach more users in provinces or states where the Registrar may not be known 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 requires for the domain registration.
Offer Top-Level Domain Names Under Your Own Personal Trademark Name
When you sign up for a domain reseller program, you will acquire a web space hosting CP where you can settle the prices for the different top-level domain names that the Registrar provides. Most companies also provide invoicing software and site templates for your virtual storefront, and the automation of the whole process coupled with the enormous demand for domain names render the domain reseller business so tempting. You will either get a turn-key website and avail of the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own web site and order form. Traditionally, you have the opportunity to pick between the 2 options, so it all revolves around how advanced you are in these affairs. As a domain name reseller, you will work under your personal brand name and not on behalf of the Registrar's.
Earn Profit From Offering Web Space Hosting Solutions Too
An appropriate addition to your domain name reseller business would be to sell web hosting packages as well. In this way, you can give a package deal to persons who want to establish their site and need both a domain and a hosting package. Some firms have such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free invoice transaction software to charge your clients. You can then offer top-level domain names and shared hosting packages to clients, and since they provide plenty of diverse domain name extensions, you will be able to provide domain name and hosting services to clients from all around the globe.