The Internet is an ever-flourishing network that provides new possibilities to make cash on the Web. One of these possibilities is to be a domain reseller and sell domain names to end users, making revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently functioning domain names, so this is a flowering trading niche that you can become involved in.
TLDs and SLDs
A domain consists of 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 second-level domain name.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic Top-Level Domains include the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of 2-letter abbreviations that represent 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 TLD or a country-code top-level domain name, has a Registry - an organization that tackles the registrations and sets the requirements that each given top-level domain name may impose, including the duration of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that actually offer the domain name to customers and manage all domain name resource records.
Make Cash From Reselling Domains
Many Registrars have reseller programs that allow individuals to make money from selling domains to end clients. If you register with such a program, you can initiate your very own personal e-business. Regularly, a domain name will be cheaper if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can reach more customers in provinces or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will 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 name registration.
Sell TLDs Under Your Personal Brand Name
When you register with a domain reseller program, you will receive a web site hosting CP where you can determine the prices for the individual top-level domain names that the Registrar offers. Most companies also provide billing transaction software and web design skins for your virtual storefront, and the automation of the entire procedure coupled with the enlarging demand for domains render the domain name reseller market niche so attractive. You will either have a turn-key site and avail 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 own personal website and form for placing orders. Usually, you have the opportunity to select between the two options, so it all depends on how experienced you are in these things. As a domain name reseller, you will work on behalf of your own brand and not on behalf of the Registrar's brand.
Earn Revenue From Trading Web Space Hosting Services As Well
A perfect addition to your domain reseller business would be to sell web hosting packages as well. Thus, you can give a package deal to people who wish to manage their web page and require both a domain name and a webspace hosting account. A few companies supply such options. With 'ResellersPanel', for example, you can purchase a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge billing management software to charge your clients. You can then sell top-level domain names and shared website hosting packages to customers, and since they provide lots of diverse domain name extensions, you will be able to offer domain and hosting services to people from all around the globe.