How Do I Purchase A “parked” Domain Name For A Good Price?

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I’m building my website and would like to buy a domain name that GoDaddy shows as being taken. The Domain I want is a common word. The URL shows a Parked Website.
How do I know what the name is worth so I can try and buy it without getting totally screwed?

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"How Do I Purchase A “parked” Domain Name For A Good Price?" was posted on Saturday, October 31st, 2009 at 9:31 am.

One Response to “How Do I Purchase A “parked” Domain Name For A Good Price?”

McFate(2009-10-31):

Leapfish does domain name appraisals:http://leapfish.com/
They look at the popularity in Google and so forth, and calculate an approximate value for the domain name. No guarantee it’s a reasonable one, though. (It calculates a value of about $50,000 for my personal domain, and while my web sites are popular, I don’t think it’s worth that much.)
In any event, a parked domain is owned by someone else. They can set the price to whatever they want, and whether or not it is “reasonable” you don’t have a lot of options. If it is worth the asking price TO YOU, then you can buy it, if not, then you can easily choose a slightly different name or a different top-level domain for your own.