Tuesday, January 13, 2009

Making money with Domain Parking

By J. Kim

If you are considering becoming involved in the online industry of domain parking then you need to understand a little more about it. If you don't then the chances of you actually succeeding and making an income from this industry will be greatly reduced.

With any online business today if you are not willing to dedicate time to researching and learning more about the business you wish to get involved in then the chances of you being scammed are greatly increased. There are plenty of people around today who are willing to take your money to provide you with a way of making money without really trying, that doesn't actually work. Below we offer some tips that you may find useful and which will help you to decide whether domain parking is the right sort of online business for you or not.

Tip 1 - There a wide variety of great domains that you can purchase but if you can don't go for those who have more than two words in them. Remember many people when searching for items online tend to limit the words they use for their search criteria and the shorter and snapper the names then these will be found more easily. If you do want to succeed and earn an income from domain parking avoid buying those which are longer than two words if at all possible.

Tip 2 - You need to be wary when buying domains, although they may look good now they may not do so in the future. The problem is it may be too late before you actually realize the domain you brought is a dud and getting the purchase cancelled and your money refunded is going to prove difficult. Even though you may see a domain name that you think is great you need to think what those searching for it may think.

Tip 3 - Remember when you are selecting domain names to buy that people will type in the details of such things manually rather than rely on the search engines. The problem with parked domains is that search engines tend not to acknowledge these as they do with live ones. So you should spend some time thinking about whether the domain name you are thinking of purchasing is one that people will type manually in to an online search engine request box.

Tip 4 - Although you may think that buying thousands of dollars worth of domain names is a way to make money then think again. Not only does it become a problem for you actually looking after all of these domains but you aren't likely to make much more than if you choose one really good one.

Tip 5 - Some people think that purchasing popular domains is the best way of making money through domain parking. If you are thinking of using this method then you need to consider how long it is going to take before you see a return on your investment. Say for example you chose to buy a domain for $20,000 and then each year it made you $1,000, it is going to take 20 years before you actually see your initial investment returned to you.

With domain parking in order to succeed you need to have a shrewd mindset and be willing to dedicate to looking at the various domains available. But if you are unsure of what types of domains are suitable then there are plenty of places online that can offer advice and information. Also if you keep the above tips in mind then making some income from domain parking should not prove such a problem.

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