Domain parking is a potential source of residual and passive income. This is an article describing how to earn more from your domain parking.
If you don’t already know, there is some money to be made in domain parking. Even more interesting than traditional domain parking – there are new changes in domain parking. Sneaky hosting providers are monetizing your domain purchase for their own benefit.
If you are not sure what domain parking is exactly, it’s a simple idea. You buy a new domain and while it’s pending development or you just bought it for your portfolio, you can park the domain and earn micro payments from the ads displayed on the page while the domain is waiting its next use. Parking services are, for the most-part free, and revenues are split between you and the provider. If you have several domains parked, you can be earning all of the time while you plan the development or attempt to sell the domain. I call it domain farming and has been a staple in my website development empire.
A Scott fun story- When I got started domain farming, what I would do is find a domain with good keyword qualities, buy the domain, park the domain and eleven months later I would sell the domain on eBay for what I paid for it 7-8 bucks and sometimes even make profit. What I earned from the parking, before I sold it was just gravy. Finding domains with good keyword qualities requires you to get in the mind of people searching. What keywords will someone want to combine to form their domain. If you can do this, you can make money with a very small investment.
Since I’m a caring guy, I will tell you how to make the most of your domain’s potential, without someone else making money off your purchase. This has worked and should continue to work but there is always a better way.
Here’s how to make even more.
First, find a good domain to register. Do your research. It is widely known that hosting companies like Host Gator will monetize your domain while your domain resolves or when it displays a 404 errors. For those of you that don’t understand what that means, it would be like me going to Wal-Mart, when they have a power outage and putting your sign over theirs, trying to profit from customers coming to Wal-mart. It’s sneaky, but hosting companies do it. Banks also do it with your deposits under the guise of a ten day hold. They earn interest on your money while they claim it is resolving. It is something that would most certainly result in a lawsuit, if you did it. But big companies seem to be able to get away with it. This is just the way it is. I find this to be an unsavory business practice. This unfortunately has become the norm online – companies operating with virtual impunity. So it pays to do your homework, besides once you give them your money for a domain, it’s gone. Remember that people are constantly searching for domain names and if you own one that they want, you have the potential to sell – as long as you’re not just cybersquatting. (Cybersquatting is basically purchasing domains that use a company’s trademarked name and waiting for them to realize that you own the domain to their name – it will result in legal action.)
Next you need to find a place to park your domain. The good news is there are many really good domain parking services.
So what else can you do with that domain to make money?
Are you looking to get all the benefits of parking the domain without splitting your profit with someone else? Of course you are or you wouldn’t be reading. The domain parking services do bring something to the table. Domain parking providers, provide hosting for your domain. If you are parking 1-2 domains it is best for you use parking services. If you are hosting 10 domains or more you might want to look at getting your own hosting or using a service like WhyPark that provide you with some content, for more of a traditional looking landing page.
The last piece of the puzzle
All you are lacking now is some content for the website. There are many ways to do this. You can sit down yourself and write articles for your site or have one written for you by a professional. For about 10 dollars you can have a custom 200-500 keyword rich article crafted for you. If you’re not interested in writing custom website content, consider it a wise investment.
The total cost for making you own quality domain landing pages is about 25 dollars per domain.
This includes: hosting cost – domain – and an article.
Here is something that you can use to monetize your new parked domain, courtesy of Scott Asher.
If you need help with your domain ICANN is the place to resolve it.
I am available to consult on website development from parking to multi-user applications. If you’re looking to monetize your site, I have all the tricks in the bag. You don’t have to reinvent the wheel. I can take your parked domain, install a WordPress application that will start making you money immediately which in turn, makes your domain much more valuable on the open market. Contact me today for suggestions on improving your website development campaign.