If you've bought a particularly unattractive domain in a moment of weakness or due to an extremely low price, what do you do with it? Drop it as soon as you get the chance, try to develop it, or park it?

Depends on what was the purpose when you bought them, in case if it is lying unused I would rather consider to develop few mini sites/blogs of similar niche.

I'd have to agree with bobchrist - just depends how much time you want to commit to that domain.

At a minimum, ANY domain you buy should be put to use whether it's parking it, or making a mini site. Spending the $10 for registration means you had an idea. Go with it. The beauty of the web is that you can let your idea evolve or change over time. Test the waters and see what happens.

We have hundreds of mini sites that direct to various different things, from our hosting site, affiliate programs with stores, and informational sites. We don't spend a ton of time marketing or branding the others, but they bring in a little bit of traffic and revenue.

Make a mini site, pop up informaiton, link it back to you - at a minimum you've at least created an inbound link to your site which will help in a search engine ranking

Like others said, you had something in mind when you bought it. If you are willing to spend some time on it, develop it and see where it goes. You can always reconsider your options later down the line.

Agreed, there really are no bad domains - once you're stuck with a name there really is no reason to not devote an hour or two to developing it.

You can cancel the registration and lose about $1 (within 4 days after the registration) or you can get it parked or try to sell that through namepros sedo or domainnews

Or you can gift it to someone.

Rather than dropping it I would prefer to park it.

I've used unwanted domains in a giveaway more than once to draw some attention to my sites or services

I would delete it if its not too late, and lose the $1.00. Or try to sell the domain and recover some of your money back.

I was not aware of that. Is it true for all domain registrars out there or only certain ones?

GoDaddy does not support anything like that to my understanding.

I know Resellerclub for sure allows you to delete the domain for a $1 fee. You just have to do it within a time period.

I have had many bad domains. Sometimes I look back and wonder what I was thinking. Now I take more time to think about names. I just do not renew the ones I dont use.