What is a parked domain? It is simply a domain that someone has purchased and has not assigned it to a website. So basically it is just sitting there in internet space. Why does this happen? Well as is the way of life, sometime things don't happen the way we want them to. As a result of this many people buy domain names and don't do anything with them.

However, you can still make money off of these domain names. Why would someone even do this? Well, here are a couple of reason to monetize a parked domain.

1. Make Money While You Sleep

This is a dream come true for anybody that is trying to make a living online. With this you never really have to work or worry about money. Who doesn't want that? There are several ways you can accomplish this.

The most popular way to do this is to place advertisements that are associated with your domain, on that domain. When someone typed your parked domain name into a web browser they will be directed to a page that may say, "page not found" or "this website is under construction." However when using advertisements, anytime a person types your domain into their web browser they will now find targeted advertisements.

The best advertisements to place on your parked domain are from Google AdSense. With these advertisements you simply get paid whenever someone clicks on the advertisement. That's it. You don't need for them to buy something in order for you to make money.

2. Sell Your Parked Domain

Is the domain name you have popular or in demand? If so you are incredibly lucky because there are many people on the web who will pay you a generous amount of money just for your domain.

How is this possible? Well for example if you had the domain name real internet jobs, how popular do you think it is? It is highly popular in fact and elicits between 245 to 230,200 searched in Google each month. Well what happens if someone wanted to start a website about finding real internet jobs (like myself) and wanted the exact domain that you have? Well most likely they would track you down and offer to buy your domain from you.

And guess what the best part of that is? You can charge that person whatever you want for the domain, as long as it isn't a price that is outrageous. Anywhere from $30-$300 would be the ideal price for a popular domain. Selling your domain is perhaps on of the most easiest ways to make money online.

If you really want to make good money off of your domain, the best way would be to build a site, generate good and quality content on it, drive loads of traffic to it and then sell it. Many people online want to buy a domain like this because all of the hard work has been done for them already. You can make anywhere from several hundred to several thousand selling a domain of this quality.

Whether you choose to place advertisements on your parked domain or whether you sell it, there are different ways you can use to monetize a parked domain. The only challenge is finding out which method works best for you.