Well, I have 5 domains and finally decided to monetize them until I decide what I am gonna do next. I've heard about parked.com and the other alternative is to use "cashparking" on godaddy's account. What would you recommend? Will add reputation for the best response!
These services are only for domains already receiving traffic. You can't actively promote a parked domain... I think Parked.com or Sedo.com are good options for domain parking, but if your 5 domains don't already get traffic, you'll need to develop them and use something like Google Adsense or a CPA/Affiliate network to monetize them.
i love sedo as most of my domains get decent income. either u have traffic or not is not a big deal the way you optimize the keyword will determine your success
If it is for five domains, I guess you better forget about any "monetizations". Pennies are what you are going to get at most.
Build content website, offer a lot of valuable information about whatever you're good at, promote affiliate programs that are closely related to your content and start building traffic to it (or buy it through AdWords). This is the most basic formula that has been shown to work. Having it parked won't make you any real money but you can get commissions as high as 100$ for one single sale that's made through your website if you'll go into affiliate marketing.