Have you ever wondered what in the world domain parking is and how do you do it and make money from domain parking? This is simply a way of generating some extra income from a domain name that you haven’t gotten around to putting a website up on. Or you can actually use this technique to make money online, the choice is yours.
For either option, parking a domain name until you’re ready to set up your website, or making money by parking your domain as your primary business, you will approach it in the same way.
Step one is to find a good company where you can park your domain. These sites will act as the middle man and will place all the ads on your parked site. They will also take care of lining up the advertisers and issuing your check, so make sure the company you choose has a good reputation in the domain parking arena.
Next, you need to determine how much of a budget you have for your domain parking project.
If you want to buy existing domain names that are already getting traffic and are well known, it will cost you more.
To get a new, unregistered domain name will be around $10 a year but an existing high traffic domain name could easily cost hundreds or hundreds of thousands of dollars (of course your chances of making a lot of money are much better with an existing domain name).
If you are looking for an existing domain name for your domain parking project and you are planning on buying one from an auction site you would be wise to find a few highly reputable auction sites and familiarize yourself with the process.
It can be all too easy to get caught up in the auction process and later find that you’ve grossly overspent on one or two domain names and you are losing your domain parking project budget. That is not a good way to do business. Figure out what your budget will be, become familiar with the process and under no circumstances allow yourself to go over your budget.
If you are buying a domain name for your own use, but you just can’t get to it for a while and you want to make some money in the meantime, you obviously don’t have to worry so much about the auction sites. You can get a new, unregistered domain name from any online registrar, there are many from which to choose.
Either option you choose, you do have to find a good domain parking company. You want one that will pay you at least 85% of the profit from the ads placed on your site. You also want a company that will allow you to optimize your landing pages so you can maximize your return on investment and get a higher click through rate (CTR).
If you get stuck with a company that won’t allow you to have any control, you might regret deciding to try parking your domain in the first place.
Domain parking is a very popular method for generating income online.
Whether you choose to do it only to make a little extra cash with that domain name you just bought but don’t have time to get to yet, or you are doing this as a full time income, there is a lot of opportunity to make money. Just like anything, though, you have to know what you are doing and need to research more about domain parking and new tricks to optimize your domain parking.
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