While making a website, one of the main tasks is to choose and curate the perfect domain name. It is your online identity and should perfectly align with your brand. However, you do not get your desired domain name every time, as they get purchased quickly unless you pay an inflated price or negotiate for one that has already been reserved. In some cases, you end up having your desired domain name but without a website to associate it with, this is termed a parked domain. The term parked domain refers to a domain name that is registered but not associated with an online service such as a website or email account. Otherwise, it is a domain name that has been purchased but is not currently active. Instead, it is “parked” so that it can be used at a later date. Most domains we’re familiar with point to a web page, but parked domains usually point to a “parked domain” page, an ads page, or no page at all.
How to park a domain?
You should first check whether the domain you wish to purchase is available. The easiest way to do this is to enter the domain in the address bar of your browser. The domain name might be available if there is no associated website or it may already be parked. In this case, a WHOIS lookup would be a good step to take. In the event that you are interested in acquiring a domain from someone else, you can use the ICANN lookup tool to find out whether it is owned, who owns it, and other useful information. You might be able to find your perfect name by trying variations of it and its domain extension (try .org, .net, .co, or .io). You can purchase the domain at your domain registrar of choice if it isn’t already registered. For buying a domain you consider Godaddy Coupons to avail a big discount. That’s all there is to it! In the meantime, if you’re just holding onto the domain, you can park it until you renew your ownership. You can link the domain to your active website once you’re ready.
Earn Money From Parked Domains
You might wonder if a domain isn’t associated with a website then what’s the point of having one? Apart from using it for your own website in the future, you can make money off of a parked domain. There are many money-making opportunities associated with domains. Domain parking is one of the most common. It is estimated that over 5 million websites will engage in domain parking by 2022. Domain traders also called “domainers”, explain how they make thousands, millions, and even hundreds of millions of dollars by buying and selling domains.
Now, if you own a portfolio of domain names and would like to make some money from them, you can park them. It essentially means setting up a landing page with some ads and contact information for users who are interested in buying the domain. You should set the price of the domain at whatever you’d be willing to sell it for; typically more than what you paid for the domain plus the ongoing costs of the domain, plus whatever profits you’ve made from it. You don’t want to lose money on the deal, after all.
The company that advertises on your parked domain pays the domain parking company per click. Those revenues are then divided between you as the owner, the domain parking company, and the advertising partner the company uses. Ad partnership programs vary from domain parking company to domain parking company. Advertising companies, aka advertising partners, use these programs to find and manage accounts on behalf of brands and businesses. Having a landing page with a “domain for sale” notice can be beneficial for your visitors since they are informed that you are selling your domain. It can result in more buyers bidding on your domain, causing its price to rise. This will increase your potential buyer pool and drive up the price of your domain. In addition, you can add a form with your contact information on these landing pages, so interested visitors can contact you directly. If you want to add your info to your landing page, you will need to make your WHOIS public. In addition, most users do not include the domain price on the landing page because it limits the price. Visitors can access this form from the landing page, where it is visible and easily accessible.
In addition to domain parking, you can also make money by selling microsites, which involves buying a lot of domains and setting up simple microsites on them. Nonetheless, this takes more time and is more challenging to implement and profit from. In addition, there are other ways, and the one we recommend is:
Domain flipping
Domain flipping consists of buying domain names for low prices and then selling them later for a higher price without doing anything with the domain in between. Due to the high cost of exclusive, short domain names, it’s a very lucrative and common practice. The practice involves domainers purchasing non-trademarked domains.
The easiest and fastest way to make money with domain names is to park them. Rather than selling domains like with the other methods, you place ads on your domain and start making money right away. You can also sell your parked domain, but you do not have to wait until the selling is complete to start earning money. The amount of revenue you earn from domain parking depends on the domain parking company you choose and its plans, as well as the amount of traffic your domain can generate. It’s also important to note that, as with any other skill or experience, it makes all the difference!
Also Read: Points You Must Notice Before Switching Different Web Server
