In our connected digital ecosystem, your domain name is a valuable commodity. The quality of your domain name can have a big effect on your website’s overall success. Your domain can also affect how your business is viewed. To novice web developers and internet entrepreneurs, choosing a domain is a simple task that’s often reserved until the very end of the process.
Do you know without having a website or not even using a domain name you can make millions of dollars but How?
This is through domain parking. But what is a parked domain and how domain parking can make you money?
In this guide, I am going to tell you everything about how you can make millions of dollars by just parking a domain.
Before going in depth about what is a parked domain, let me tell you in summary.
Domain parking is a method of reserving the domain for future use, here domain will not be used by you but parked somewhere for future use.
Parking a domain can be a win-win situation but how that is what we will learn in detail.
If you are new to this online money making guide and still not aware of what is a domain name then first will learn briefly about Domain Name then what is a parked domain.
In this Article, We’ll take a look at:
What is a Parked Domain?
A parked domain is a registered domain name that’s not linked to a website or email hosting service. Essentially, the domain isn’t actively being used. Instead, it’s parked for later use.
Usually, after a domain name is registered with a domain registrar, it’s linked to a hosting service. Hosting is where your website lives. You can buy this from hosting providers like Bluehost, Hostgator and Siteground. The domain is simply an address to direct users to your completed website. When a domain is parked, that connection to the hosting service doesn’t exist. With that being said, the act of domain parking can get more complex based on your particular needs.
Common Reasons Why Domains are Parked
There are many reasons why businesses and individuals choose to park their domain. It’s a way to buy time while still making the jump and getting the domain name you desire. Here are some reasons why you may want to park your domain after registration.
One of the biggest reasons to park a domain is to reserve the name. As mentioned earlier, good domain names tend to go pretty quickly. There’s nothing worse than coming up with a great domain name only to find that it’s already been taken.
It’s not uncommon for people to register domain names before they have any concrete ideas or substantial content for a website. Domain parking is a reasonable solution to this issue. You can save that domain for later and simply point it to your hosting account once its ready.
Protection Against Cybersquatting
Cybersquatting is a very real threat that many established businesses have to deal with. It became such an issue during the dot-com bubble of the 90s that the United States actually created the Anticybersquatting Consumer Protection Act. Essentially, cybersquatting is when an individual registers domain names with a trademark of a large company. The unscrupulous individual will then offer to sell the domain name at an inflated price.
When this happens, your business can suffer tremendously. If you have an established user base, people are bound to find the domain. Because you don’t have control over the squatted domain, the content your audience is directed to is completely out of your hands. This can ultimately tarnish your brand and affect your bottom line. Federal law does permit litigation over cybersquatting. The Internet Corporation of Assigned Names and Numbers, or ICANN, also has an arbitration process to resolve these types of issues. However, many businesses choose to avoid the problem altogether with domain parking.
Domain parking allows you to protect your name and brand. You can register all your trademarks and variants of your business name. You can then use the desired domain as your main address to your hosted website and park the rest to prevent cybersquatting. Alternatively, you can link those parked domains to your website or service.
Extra Time for Development
If you come up with a solid domain name before you begin the website development process, you should always register it first. You can easily park your domain while you take the time to perfect your website. No one will be able to take your name. You can also choose to display a message that lets your visitors know that the website is still under construction.
Just because your domain is parked doesn’t mean that it has to sit there doing nothing. Many business-savvy owners choose to monetize the parked domain so that they can generate some income while it’s not being used.
You can easily display advertisements on your parked domain. Each time someone visits your page and clicks on an ad, you’ll generate some income. It’s a good way to recuperate some of the registration costs and put the domain to good use. There are many services that do this for you in exchange for a percentage of the profits.
Another income opportunity is flipping. Many individuals register domain names that they feel may become more valuable in the future. Basically, the domain name is registered for a low price. It’s then parked until a buyer is interested. Depending on the particular domain name and the dedication of the buyer, you can make a significant profit. This tactic often takes some time, but it can be a lucrative way to make some easy income down the line.
Waiting for Expiration
If you’re no longer interested in using a domain name, you can park it and wait for expiration. Instead of paying for hosting service on a website that has run its course, you can save money by parking the domain. Many registrars offer free parking services. Alternatively, you can remove the hosting link and generate some income with advertisements while you wait for the registration period to end.
Multiple Web Addresses
Many companies choose to register multiple domain names that are linked to a single website. It’s a great marketing tactic. The extra domains are parked and linked to a hosting account with multiple add-on domains. They share the same traffic statistics and provide your users with multiple ways to connect with you.
What is Advantages of Parked domain
I must say in the above summary guide, you already got idea or reason behind parking a domain so let me highlight a few advantages of Domain parking.
- Reserve your best choice domain for future use.
- Buy Domain name to make them sell later.
- Reserve your old domain to maintain the authority it gained in the past days.
- Parking a domain can generate Ads Revenue.
- You can make them sell in an auction instantly.
But the main reason behind parking a domain is to find the right opportunity to get the right domain and sell that to the right person, who is ready to pay you a lot of money.
It is all about finding the right seller if you will succeed to reserve the right domain and able to find the right person who is ready to buy your domain then you can place a bid of 10,000$+ for a single domain.
What is Disadvantages of Parked Domain
While income-generating parking services do have their advantages, they also have a lot of restrictions. You won’t have control over how your parked domain is being used. Many service providers will go the extra mile to make sure that your domain is generating as much income as possible. This involves plastering a parked page with a significant number of ads.
Ask any internet user and they’ll tell you that these types of pages are the absolute worst. They take up a lot of bandwidth and can slow a computer down to a crawl. If you choose to utilize a parking service for a long period of time, your domain will eventually be associated with ad-heavy content. This can leave a bad impression on your domain name, ultimately affecting your brand. Visitors will not trust your domain. Worst of all, your reputation will suffer before you even start hosting significant content. It’s a trade-off that you should think about before you invest in parking services.
Domain Parking vs. a Parked Domain
While they may seem similar, there’s a notable difference between domain parking services and having a parked domain. With domain parking, you have no control over what is being done to your domain while you’re waiting to use it. You may be generating some income, but you run the risk of having your name ruined by the action of the parking service provider.
When you have a parked domain, the control is in your hands. You’ll be able to monitor the domain’s activity and utilize it as you please. Generally, having a parked domain is considered to be a better option if you actually plan on using the domain at a later date.
One of the best ways to park your domain yourself is to invest in unlimited web hosting. You can get unlimited hosting for only a few dollars a month. These types of accounts have limitless add-on domain capacities. When you want to park your domain, simply point it to this unlimited account. You can then create a simple index file with some information about the domain. This would be a great opportunity to let your audience know more about your intentions with the domain. If you want to monetize it, you can add a couple of modest ads as well. The choice is yours.
You can also park a domain on top of your primary domain. In this instance, using the parked domain will provide access to your website. It’s almost like you’re using the parked domain to redirect users to an actual website. However, the address bar will still display the parked domain name.
How to Park a Domain and make money
Hostinger is a great web-hosting service and domain registrar. If you have a hosting account with Hostinger, managing your parked domains couldn’t be easier. Before you park your domain, make sure that it’s registered with a valid registrar. You also need to have a main domain that’s linked to a hosted website or service.
Creating a Parked Domain
Parked domains will display the same exact content (the same website) as your main hosting domain. It’s a great feature if you wish to have multiple domains of your website
Step: 1 – To park a domain, simply open your Hosting → Manage and navigate to the Parked Domains section:
Step: 2 – Once there, enter your domain (that you wish to park) name and click on Park:
Step 3: You can also manage all of your parked domains by scrolling down to the Parked Domains section, in there you can see if the domain is pointing to us as well as remove parked domains:
How to Buy a Parked Domain Name
Now that you know more about parked domains and how to use them, it’s good to know what you should do when you find yourself on the other side of the equation. If you have your heart set on a specific domain, there’s a very high chance that you’ll need to do some negotiating to get it. You can check if a domain is available through your preferred registrar. You can also visit the address to see what it’s hosting. If you see a generic message or ads, it’s probably parked by the owner.
Find the Owner
In most cases, it’s easy to find information about the owner of a domain name. You can perform a search on your registrar or go to the WHOIS database. A quick search should provide you with contact information. You may also be able to find some more technical information about the domain you’re after.
Whether you have an email address or a phone number, you need to initiate contact to start the negotiation process. If it’s available, the best option is to write a quick email. Express your interest in the domain and ask if its available for purchase.
Hold Your Cards Close
During your first contact, you need to keep your cards close. Don’t give off the impression that you’re desperate for that parked domain. Instead, you should mention that it’s one of several domains that you’re interested in. If you lay it all out at once, you’re giving the owner the upper hand in the negotiations. The owner may inflate the price if they suspect that you are willing to pay a considerable amount for the domain.
You should never mention price first. Again, doing so will only put you at a disadvantage. You initiated contact, so the owner should be the one who puts out the first offer. If they try to ask you what you’re willing to pay, redirect the conversation until they give you a starting point. It’s important to remember that many individuals treat domain flipping as a business. They may have parked that domain in hopes that someone like you would want to buy it.
Negotiating a price for a parked domain can be tough. It’s a haggling game that you need to be prepared for. You should do some research to get a better idea of the true value of the domain. Use the information you find to make a reasonable offer. While it may be tempting, don’t lowball the owner. This could bring the negotiations to a grinding halt. Get some information about the domain’s history and compare sales of similar domain names. You may be able to find the price the owner originally paid. Make reasonable offers, but don’t pay an exorbitant amount.
Utilize an Escrow Service
Once you have come to an agreement, it’s time to make the purchase. You should never pay the owner directly. While you have their contact information, the owner is a stranger that could easily take advantage of you. One way around this hurdle is to use an escrow service. An escrow service holds onto funds and rights until both parties have completed their end of the deal. You will pay the escrow service directly. The owner won’t get the money until they have completed the transfer. Escrow services are a great way to avoid potential issues and ensure that the transaction goes smoothly for everyone.
Once the transaction is complete, the parked domain is yours to use as you please. You can link it to your hosting service or park it again until you’re ready to launch your website.
Let me share your experience on how useful you found this guide
Image Credit – freepik.com
Frequently Asked Question
How does a parked domain work?
A parked domain is an alias of your primary domain — it points to the same website as your primary domain. Multiple domains, same website. For example, if cars.com is your main web site, you can purchase cars.net and assign it as a parked domain.
How do Parked domains make money?
You can earn money with your unused domains and sell them even quicker. Domain Parking is completely free of charge! The idea is simple: Advertisements which thematically correspond to the domain name will be displayed on your domain. You will earn money whenever a visitor clicks on the advertising links.
Is Domain Parking still profitable?
You can still making money parking domains. … However domain parking is profitable for domain names that ALREADY have traffic so you need to find the right domains using a proper strategy. In fact the names that you can buy nowadays from the aftermarket and that are making money in parking are not so great for resale.
How much does it cost to park a domain name?
When it comes to Top-Level Domains, instead, you can expect to pay anything from $0.99 up to hundreds or thousands of dollars. On average, though, domain names cost from $0.99 up to $12 per month.
What is Parked Domain
Domain parking is the registration of an Internet domain name without that domain being associated with any services such as e-mail or a website. This may have been done with a view to reserving the domain name for future development, and to protect against the possibility of cybersquatting.