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Domain name registration refers to the purchase of a “domain” name that you choose to operate with on the Internet, without that domain being initially associated with any services such as e-mail or a website.

Domain parking can be classified as monetized and non-monetized. In the former, advertisements are shown to visitors and the domain is “monetized”. For example, a website called www.photowoto.in. This type of single page is a static page. In this case, it is a monetized by the domain name registrar GoDaddy.com, both with an advertisement and sponsored listings. Since getting a domain is the first step of many in creating a website, most people don’t have any website at the time they register the domain. As such, they can’t point the domain name anywhere. You can see the message that says “Welcome to: photowoto.in. This Web page is parked for FREE, courtesy of GoDaddy.com.” Although the word free is used, it only means that the person who bought the name is allowed to have a welcome page before adding on a website and after purchasing the domain name. This is a single-page website that people see when they type the domain name or follow a link in a web browser.

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In the latter, an “Under Construction” or a “Coming Soon” message may or may not be put up on the domain by the registrar or reseller. Domain names can be parked before a web site is ready for launching.

Cybersquatting (also known as domain squatting), according to the United States federal law known as the Anticybersquatting Consumer Protection Act, is registering, trafficking in, or using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else. The cybersquatter then offers to sell the domain to the person or company who owns a trademark contained within the name at an inflated price.

Next week: How to register a domain name

Reference: Wikipedia