Domain Parking is a term that means Register a Domain name for future use and put a coming soon or Website is Under construction Page. There could be different reasons and benefits of Domain Parking that you will find in this Blog.
You can register your domain for 1-10 years at Domain Registrar. After the Registration period is completed, it is important to renew your Domain before it gets expired. Handling this situation, it is very essentials to understand the Domain Life Cycle Process. We have described the complete Domain Life Cycle Process in this Blog.
What is Domain Parking?
As we say above Domain parking is a process that registers a domain with Domain Registrar. This is a stand-alone domain not associated with any services like email services or a website. Parking of a domain can be done by reserving a domain for future use. You may use these particular domains to protect against issues such as cybersquatting. Here, the domain registrar will need to set the name servers for the domain. Domain parking will show the page result that includes a message such as Under Construction or Coming Soon. This web page result is not set by the domain owners. It shows that the domain name is parked successfully before the website content has been uploaded.
What are the Benefits of Domain Parking?
(1) Reservation of Domain Name
You can use Domain Parking for reserving a domain name. It is always a good idea to reserve the domains that are suitable with your business. At present, the ideal domain names are already taken while the remaining domain names are sold quickly on a day by day basis. We should not wait to buy a domain until we have substantial web content ready.
Domain parking is the best solution to this problem. Parking a domain is a convenient process that saves a particularly chosen domain for later use.
(2) To Prevent the Cyber Squatting Problem
Cybersquatting means registering similar or identical domains from third party Domain Registrar and sell it at a higher cost compared to the current market price.
Anyone can register a similar domain name as your website and they will demand a high amount to sell this domain. To prevent this issue, you can register the identical domain names and park these domains using Domain Parking at your Hosting Account.
(3) To Earn Income while the Domain is Parked
The purpose of use for domain parking is not only for a domain without hosting a website. On a parked domain, you can display the advertisements of any business. When the visitors visit the website, this increases page per clicks and the traffic of your advertisements page. You may generate an income from this. This is a way to recover the registration cost by earning from advertisements.
Another way of earning additional money is Domain flipping. Many domain names may be more valuable in the future after its effective marketing practices and visitors to your website. You may have registered these domains at a low cost, but now you are looking to sell this domain and set it as Park Domain and wait until someone asks you to purchase this domain. You can put your contact details on the parking page and get a deal for it. You can make income by adding additional profits this time.
(4) You No Longer Require the Website
While you are using multiple websites for your business, there are times that you may no longer need certain domains. You may simply decide to create a new domain or you no longer want to use that particular domain to host your website. In this case, you can park this domain and wait for the domain expiration. Remove your hosting content and run a few advertisements on this parked domain to earn income until your Domain Registration period is completed.
What is Domain Life Cycle?
Presently, there are thousands of domain names registered every day. Those who are interested in purchasing a domain will require understanding regarding the life-cycle of a domain name. There is a standard process to follow for domain registration and domain expiration. Here, the following includes detailed descriptions of the domain life cycle. The main points include everything from domain available to domain deletion.
(1) Domain Name Registration/Available
At Domain available stage, anyone can purchase a domain from Domain Registrar. This is the first stage of the domain life cycle. It shows a fresh and unregistered domain that is not used by any customers. You can search for any domain as per your requirements and register for a certain time. There are many domain registrars available to register a domain. The minimum time limit for domain registration is one year, and up to 10 years. It is also called Domain Available Period.
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(2) Active Status
Once you complete the Domain Registration process, your domain will become active and fully functional. You can also renew your domain at Active status however it can’t be renewed more than 10 years which we mentioned in Available status. You can transfer your domain during the Active Status.
(3) Expired Status
This is the time when the domain’s registration period is over and domain enters in Expired Status. Based on Domain TLD, Expiration period vary from 30-45 Days. Once Domain reached to Expired status, all the service related to Domain like website and Emails will not work. Domain Owner can renew the domain from the expired period by paying a renewal amount without any additional penalty. Domain status will be changed to Active once it is renewed.
(4) Redemption/Grace Period
After Expired status, a redemption time takes place. For example, when you do not renew your domain during the time of the expired period, it will then enter into the redemption stage. In this stage of the domain life cycle, the owner of the domain can still renew the domain, but they need to pay additional domain redemption charges.
The redemption period will live until 30 days before moving the domain into the next stage of the domain life cycle. From here, the owner can re-register the domain or hand it over to new customers. The pricing of the redemption period will depend on the registrar.
(5) Termination Period/Pending Deletion
At this stage of the domain life cycle, it is not possible to renew the domain. If the domain’s redemption period is over and you have not renewed the domain, then it will enter the termination period. This period is also known as the pending deletion. Domain will remain in this stage for 5 days. After 5 days the domain will be removed by Domain Authority.
(6) Available for Registration
Domain will be available for registration again after few days of deletion. At this point, no one has control over this. In other words, the domain is up for grabs and anyone can register it.
What is Domain Transfer?
This process relates to the transfer of a domain from one registrar to another registrar. While you are required to change the domain registrar, you must also be aware of the few points:
Domain Transfer Process requires an EPP Code (Extensible Provisioning Protocol). Once you are looking to transfer your Domain, you can ask for an EPP Code from your current registrar and pass the same EPP Code to Domain Registrar where you want to transfer your Domain. After receiving the correct EPP Code Gaining Registrar will start the Domain Transfer Process. During Domain transfer, you will receive an approval email to your Registrant Email Address to validate Domain Transfer. According to the ICANN policy, it may take 5-7 days to complete the Domain Transfer Process. You will receive an email confirmation after the successful Domain Transfer.
Here are the Domain Transfer Prerequisites :
(1) Domain must not be in locked status at Current/Losing Registrar.
(2) Domain must be 60 Days Old.