If you want to claim a certain domain name for your business or personal web space but don’t currently have the time or resources to develop a web site, you will likely be interested in domain parking. This option allows you to claim ownership of a domain name until such time as you are ready to begin developing your site. Domain parking is a convenient way to get the name you want without having to spend a lot of money to accomplish this. And the best part is that there is no deadline; if you are not ready to create your site, you simply only need to renew your claim on an annual basis.
Another way that domain parking is used is when a customer may already have one site that is popular, and wishes to redirect some of that traffic to additional domains which are similar to the main site. When it’s time to create a site and you are looking for the best website hosting, it’s suggested that you check to see whether or not the company from whom you bought your domain name has any rights to that name. If they do, you may have no choice but to host your web site with them.