You need to have the knowledge on what type of domain you could park. Creative and effective thinking and planning can help you to buy domain names with this idea and capitalize on them. If you come up with a new idea and you realize that there is no domain name ( i.e. with .com) for it, then you can immediately park the domain name and earn from it. On doing so, the probability of that you being approached by someone who very badly needs that name is high, and they can even pay you a very huge amount for it. Try filling the landing page with suitable ads or affiliate marketing ads or banners, and it can give you regular income (monetized domain parking). You can also have your internet presence by just having a page with "under construction" or "coming soon" words on the page. This can help you to park the web page before it is ready to launch (demonetized domain parking). Never delay too much in buying a domain name, because by the time you decide on buying one, someone else could possibly have owned that domain name and capitalizing on it already.
Incase you are not looking out to make money, just sign up for some affiliate programs, build up a webpage and maintain the page and fill it with advertisements. You can also opt to share the profits when you work with some company who can manage it for you.
The domain owner is generally paid depending on the number of links that have been visited (like pay per click), and also how these clicks have been beneficial. The intent of the visitor can be found out based on the keywords the visitor uses for the domain name.
There are many companies who do domain parking and related management activities for you. They pay you some percentage of the fees. Some give you a very cheap domain registrations and also with some incentives to gear you up to join.
There are numerous domain parking options available for you. Incase you are not able to come up with any catchy phrase, just choose some name that is similar to some other company or competitor, which can give you high chances of hits.
You can also choose to opt for expired domain, if you wish to. As these domains used as websites earlier and expired, still hold on to some inbound links. Such domains on reusing can start with more visitors initially. When the site operators and the search engines remove the earlier available inbound links of the site, the number of visitors can go down gradually.
In the midst of making money, you always need to be quite careful, with some people in the market who do unethical business practices. They can go to the extent of redirecting the homepages to the domain that is parked so that people tend to click that domain that is parked. Always be alert with the black hat practices that some people follow to get on the top or make money is a shorter period. Do focus in reading the fine prints since some scams out there can benefit these domain parking company rather more than what they benefit the individuals.
Please Note: Domain parking practices is other wise known as domain squatting or cyber squatting to some people and there are companies who charge against people who domain park against their brands or brand names which they consider as their sole intellectual properties. ICANN (Internet Corporation for Assigned Names and Numbers) handles complaints regarding domain parking scams.
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