Product Overview of GoDaddy CashParking
GoDaddy’s CashParking is a service designed to help domain owners monetize their parked domains by generating revenue through advertising. Here’s a detailed look at what the product does and its key features:
What is CashParking?
CashParking is a domain parking service that allows you to earn money from your unused or parked domain names. By connecting your domains to the CashParking service, GoDaddy displays relevant, context-based advertisements on these domains. You earn revenue each time a visitor clicks on one of these ads.
Key Features
Adding Domains
You can add an unlimited number of domains to your CashParking account, whether they are registered with GoDaddy or another registrar. This flexibility allows you to manage all your domains under a single account.
Customization
GoDaddy automatically optimizes the CashParking template and keywords for each domain when you add it to your account. However, you also have the option to further customize the settings to influence the type of advertising displayed on your parked domains. This includes selecting templates and setting up links for domain sales.
Payment Options
You can choose from various payment methods to receive your earnings, including PayPal, direct deposit, Good As Gold, or personal checks. The payment thresholds vary depending on the method chosen (e.g., $25 for PayPal, $100 for domestic checks in the USA).
Revenue Sharing
With CashParking, you can earn up to 80% of the ad revenue generated from your domains, depending on the package you choose. The premium package offers the highest revenue share, while the free package provides a lower but still significant share.
Management and Reporting
The service provides easy-to-use tools to manage your parked domains and view performance reports. You can monitor impressions, clicks, and revenue generated by each domain, helping you make informed decisions about your domain portfolio.
Passive Income
One of the primary benefits of CashParking is that it can generate passive income. Once you set up your domains, GoDaddy handles the placement of relevant advertisements, allowing you to earn money without ongoing effort.
Setting Up CashParking
To get started with CashParking, you need to:
- Choose a package that suits your needs (free or premium).
- Add your domains to the CashParking account.
- Update the nameservers of your domains to point to GoDaddy’s CashParking servers.
- Set up your payment options to receive your earnings.
Overall, GoDaddy’s CashParking is a convenient way to monetize unused domain names, offering a potential source of passive income with minimal maintenance required.