If you own one or many domain names and you do not want to spend hours designing a website, developing content etc parking your domain name is a very good idea to generate revenue from your traffic. Your .com domain registration might as well make you a profit.

One of my favorite domain parking sites is WhyPark. This site allows you to monetize your traffic without having to develop a website, you get paid for every click generated through your website, their templates are very good and they were created to generate high click through rates, also their payment rates are very good.

There are a lot of benefits from domain parking.

• No need to spend hours desinign your site.
• No need to develop any content.
• If you own a generic domain that gets a lot of type in traffic you
  do not need to work on getting traffic.

Like everything there are is a down side of parking a domain name.

• No search engine traffic, the search engines usually rank site with content and parked domain names have no content and they usually do not send you traffic.
• Depending on the niche you could lose extra revenue by not creating a website like affiliate sales, cpm, etc.
• There are some niches that are bad for parked domain names, for example if you were getting traffic for the term “webmaster tips” and you park your domain there people will rarely click on your domain parking links.

Domain parking is great if you own many domains and you are not doing anything with them, usually any domain gets some traffic and you could be losing some money if you do not park your domain names.