
This is a mixture of both how to buy parked domains and a rant about why I really hate domain parking. If you’re not in the mood for a rant, skip straight to the ‘how to’.
The rant
It really gets to me how there’s some great domain names just left parked for the sake of profit. It annoys me so much to see domains wasted that could be used for providing real value to people whether that be through shared information or the sale of products.
I know the domain name is just a small part of the equation and it’s the content you create that makes the real difference, but why should people be forced to buy obscure domains with a tenuous relevance to what the website is actually about when people are sitting on the really good domains and asking stupid amounts of money for them.
The internet is about freedom of information right? If so, we should be able to get the tools that allow us to publish that information at a reasonable price.
Personally, I think parking domain names without a legitimate reason other than to make profit should be banned. And anyone parking a domain for longer than 6 months should have the ownership revoked and their money refunded.
The how to
Don’t get too attached to one particular domain. If the owner is stubborn or greedy, accept that it’s time to let it go or you could end up spending an unreasonable amount of money.
Before you start contacting companies or individuals about buying parked domains, you should have at least 6 different domains in mind so you can compare the prices given to you and use it to your advantage to negotiate with sellers.
Browse to your chosen domain, sometimes you’ll see that the domain is up for sale and contact details or instructions of how to go about buying it are listed on the website. Other times, you may just get a holding page which has been put up by the company the domain was bought from.
If there’s no clear indication that the domain is for sale, do a whois lookup to try and find the contact details of the current owner. DomainTools is really good, there’s some interesting stuff on there. There’s one other way of looking for contact details if the whois information is incorrect or if the owner is using whois privacy. You can use the Wayback Machine to browse websites that used to be hosted on that domain name. On them, you might be able to find more contact details.
Don’t sound desperate for the domain or the owner will crank up the price. Just let them know you’re considering a number of different domains and would like a quote on the price. You could try searching for the domain on DN Sale Price to get an idea of how much the domain has sold for in the past.
Once you’ve negotiated a price and the sale has been confirmed, in most situations the owner will be reluctant to transfer ownership to you before receiving payment and you may be equally reluctant to transfer money to someone without a guarantee that you’ll actually received what you’ve paid for. In this situation, it’d be good to use an escrow service. Escrow.com and Moneybookers.com are couple of examples, I’ve never used either of them so do your research first.
