How to Park a Domain – What is CashParking? | The Journey

Domain parking is an unfamiliar term for the majority of web users, but it’s something most of us have likely stumbled across at some point while navigating the depths of the internet. Sometimes referred to as cash parking, this online entrepreneurial strategy is an effective way to generate extra cash if executed correctly. Check out more The Journey content at https://bit.ly/GDTheJourney.

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⏰TIMESTAMPS⏰
00:00 – Introduction
00:22 – What is Domain Parking?
00:43 – How to set up CashParking
01:43 – What domains work best for parking?
02:20 – Buying misspelled domains
03:31 – Buying fresh (new) domains
04:31 – Buying expired domains
05:13 – Wrap up

While cash parking does require time and money to get going, it eventually becomes the dream for many online investors: a form of passive income that you can largely set and forget.

What is domain parking?
First, you need to tie your parked domain to a domain parking service. Cash parking works differently depending on your partner, but the account will allow you to select which domains you wish to park.

Once you’ve created your account and established your preferred parked domains, a web page will be put up on each. That web page and its advertisements will be tailored to the specific domain — based on factors like its name and the amount and type of traffic it attracts.

Similar to affiliate advertising, you make money based on how many users land on your site and click the advertisements. Parked websites are completely non-functioning except for a landing page that contains ads. The domain simply operates as a crossroads where people can either click on relevant advertorial links (and make the domain owner money) or bounce off the page.

Here are three categories of domains for you to consider before you begin investing in them:

Misspelled domains
There are countless popular websites on the internet that people directly type into their browser every day, and users don’t always type them out correctly. If you’re cash parking those misspelled domain names, you’ve put yourself in a position to make some money off of them.

Fresh (new) domains
The benefit of new domain names is that they are usually very affordable. Plus you can sell those domains for a profit later too, which is another great way for you or any savvy domain investor to make money. To assess potential exact match domains, do some keyword research using a tool like SEMrush (which offers 10 free keyword volume results per day), and then go back to GoDaddy and search for domains in the industries you believe have a bright future.

Expired domains
There are ways to track down recently expired domains that will make your job easier, and they won’t necessarily be expensive to purchase either. Just make sure that your target domains actually received traffic, because many that pass their expiration don’t, and will hold essentially the same value as a new domain (but likely with a higher price tag).

All three types of domains have the ability to make you money via cash parking. Building a collection of all three is your greatest key to success, and it’s up to you to determine which ones seem most worthy of your investment.

The Journey is what everyday entrepreneurs, like you, need to follow in the pursuit of online success. Our experienced GoDaddy Guides are here to take you through all the steps, both big and small, that you encounter every day.

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