find them.
There are several good websites where you can find soon-to-beexpired domain names. ExpiredDomains.com, DropWatch.com, and DeletedDomains.com are a few of them. Most charge membership fees, but you can usually recover that investment with one sale of an expired domain. The great thing about expired domains is that they often already have traffic or domain’s value. But instead of paying a premium price for them because they have that traffic, you can pay a much lower price since you’re not buying them from the owner. But it is important to understand how this process works before you jump in.
If you want a domain that is expiring, you’ll have to backorder it. You can do this through the domain’s registrar, or through a “domain snatching firm.” The best course of action depends on the registrar’s policies. Some have exclusive backorder rights, and if that is the case, you’re better off backordering through them. If not, a firm that specializes in catching expired domains will likely produce better results.
Once you pay the fee for backordering a domain, that is not the end of it. The domain’s owner has exclusive renewal rights for 70 days after the domain expires. If he renews in that time frame, there’s nothing you can do, but most companies will give you a refund. If he
doesn’t, the domain enters a five-day deletion period, and then becomes available. If you’re the only person who has backordered it, you get it. But if not, it will be put up for auction and you’ll have to bid against everyone else who backordered it.
You don’t have to wait until a domain is about to expire. If there’s a certain name you have your eye on, you might be able to go aheadand backorder it. But it’s important to be mindful of potential trademark issues when you do this. If you get an expired domain name and the previous owner threatens legal action, you might be better off to just sell it back to avoid losing lots of time and money.
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Posted under Make Money With Domain
This post was written by admin on March 1, 2010
