Many times people purchase a domain name of the interest area around their work field, and they might reserve it for an extended period to formulate a whole business around it. The domain name you might have chosen for setting up a business can be postponed for the launch or delayed due to some backend issue and many such scenarios. It might lead to the decision making of whether to retain the domain or sell it. The best way is to wait, and the simplest way to do is by parking your domain.
Parked domains are usually used by the businesses who wish to have more than one web address for marketing and advertising. They are the additional domain accounts hosted on your account which display the same primary domain’s website.
What is Domain Parking?
Domain Parking is a refers to the registration of a domain name, where the owner of the domain name can retain the domain without hosting any active website or application on it. You can either make it as a ‘Work under Construction’ or ‘ Work in Progress.’
There are many reasons why domain name owners would like to park their domain.
- To Reserve for Future Use: Many time you wish to capture a domain name but don’t have any immediate plans to set up a website or application around it. To save yourself from the business needs of the future you can park the required domain today until it expires.
- No Website: Sometimes you might not have an idea of what your website will be or sometime you might have a business idea as well as a website concept, but your website is not up. These can be the possible scenarios where you are deciding on the type of hosting, this way parked domain can help you save the domain of your choice.
- Discontinue a website or a business: There can be a scenario where you have multiple businesses and wish to discontinue one. But instead of discontinuing a website immediately, you wish to wait for the domain expiration. In this case, you can park your domain and earn from it.
- Extra income: Parked domains are a great way of earning additional money. Earning from the domain names is very easy. You can post the ads, and if someone clicks on the add, you will be paid. You can generate the revenue by Pay-per-click model and the traffic sourced to the website.
How to Park a Domain?
You can check the possibility of domain parking with your registrar, or you can go for SEDO (Search Engine for Domain Offers). SEDO is a domain name and a website marketplace and domain parking provider.
In the end, now once you have a basic idea about the parked domain and how it is done, it will help you a lot in managing your multiple domains through domain parking as well as earning through them. Also, you can cancel the domain parking at any time you do not wish to retain the particular domain name.
