One of the best ways to make money online a few years back was to buy and sell domain names. While some can still make a good deal or money selling great domain names it can take some time for one domain name sell. While you are waiting for the right client to take some interest in your domain name it is a good idea to get at least some money from it, and there are a couple of options which you should consider. Those two options are parking the domain name or developing it, but which one is right for you?
What Is Domain Parking
Domain parking is a way to get some ads on your domain name without having to develop the domain name into an actual website. You would use a domain parking service which will place the ads. All that you have to do is to set up the domain name so that it becomes associated with the parking service and your domain name will start showing ads almost immediately. This service is good for those who have really memorable domain names and who do not have much time to develop a website.
While domain parking is a good option for the domain names that you are not using, it will not make you much money on most of the domain names. The reason is that search engines have requirements which make it really difficult for your domain name to reach the top search results. If people cannot find your domain name then they cannot click on the ads that would make you money. The one case where parking your domain name can make you at least some money is when you are lucky enough to pick up a domain name which before had a lot of visitors. That is because even though the search engines will punish the rankings a lot of people would still have the domain name saved in their favorites or memorized in their heads.
Developing Domain Names
Developing a domain name means actually creating a website with that domain name. This option can take a bit of time, but it can end up giving you the best results. If you make your website an interesting one and that website starts attracting visitors then eventually you will start climbing in the rankings and getting more visitors. This is great because you can add pretty much anything that you want including content and advertising. The more visitors you have, the more money you will make. The formula is simple, but it does take a lot of time to get it going.
How To Develop A Website
If what you want is to sell the website then make sure that you keep it in the market place, but you can also include information on what you would like to receive if you were to sell the domain name. The best way to develop a domain name is to not make it something that you need to update that often, but that potential visitors will find useful. For example you could describe an area or an event; those things are interesting for people to find, but you will not have to update it every day. Updating helps with the rankings, but it does take a long time.
Make sure that you include ads from PPC companies like Google AdSense and you can also become an affiliate for Amazon as well as other companies. This is more likely to bring money in than parking would because when you give content which is unique and interesting you eventually get ranked by the search engines. Make sure to also add social media sharing options so that those who find your information useful are able to share it with their friends. Include pictures and use tags on your posts because people will find your website by using tags or looking at pictures. Finally make sure that you advertise your posts in social media and ask your followers or friends to share your content.
Developing a website will take a lot more of your time, but the time that you put in should give you better results than parking. Parking alone will not usually produce much money, but it is better than nothing at all.