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A parked domain is a domain name that has been registered but is not connected to a website or email service. It's a common practice for businesses and individuals to park domains for a variety of reasons, including:
Reserving a web address
Parked domains can be used to reserve a web address for future use. For example, if a company's main website is cars.com, they could purchase cars.net and use it as a parked domain. Visitors to cars.net would see the same website as if they had typed cars.com.
Protecting brand identity
Parked domains can help protect a company's brand identity.
Monetizing traffic
Parked domains can be used to monetize traffic by displaying ads or professional content. When visitors click on the ads, the domain owner earns money.
Providing content
Parked domains can be used to provide some content on a page that would otherwise be blank because its registration expired.
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