The Internet is an ever-enlarging platform that furnishes new possibilities to make money online. One of these options is to be a domain name reseller and sell domains to end clients, making revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domain names, so this is a developing marketing niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain comprises 2 pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of two-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an organization that administers the registrations and sets the preconditions that each specific top-level domain name may contain, like the length of the registration term or the residency of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually sell the domain name to clients and administer all domain name resource records.
Make Money From Trading Domains
Multiple Registrars have reseller programs that allow people to earn cash from selling domains to end clients. If you sign up for such a program, you can build your very own Internet business. Normally, a domain name will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The cause is that resellers can reach more users in local communities or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domains Under Your Personal Brand Name
When you register with a domain reseller program, you will obtain a web site hosting Control Panel where you can settle the prices for the separate top-level domain names that the Registrar offers. Most companies also offer billing software and web page themes for your virtual store, and the automation of the entire procedure combined with the immense demand for domains make the domain name reseller market niche so seductive. You will either acquire a ready-made site and use the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal portal and form for placing orders. Traditionally, you have the opportunity to decide between the 2 possibilities, so it all depends on how proficient you are in these issues. As a domain reseller, you will operate under your personal brand and not under the Registrar's.
Make Money From Promoting Site Hosting Accounts Too
A good addition to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to customers who wish to set up their web page and need both a domain name and a webspace hosting account. Certain companies supply such options. With 'ResellersPanel', for example, you can buy a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoice transaction software to charge your customers. You can then sell domain names and shared web hosting plans to clients, and since they provide many diverse domain name extensions, you will be able to offer domain and hosting services to clients from all around the world.