In short, expired domain names are a GOLDMINE. Better still, this is a goldmine on complete autopilot because you are able to leverage the promotional efforts of thousands of other people.
First of all, for those of you who may not know exactly what a domain name is, whenever you see YourWebsite.com or YourBlog.net, that is a domain name. In order to get a domain name for a website or a blog you need to register it with an appropriate company called a 'domain name registrar.'
Domain names are pretty cheap (about 8 bucks a pop or so), and there are tens of thousands registered every single day.
When you register a domain name, this is not a permanent thing. Rather, you will register a domain name for a certain period of time, anywhere from one ot ten years usually.
Most people choose to register a domain name for only one year at a time, and in this case the domain name must be constantly renewed in order for the owner to keep it. Many times, when a domain name is approaching its expiration date, the owner will simply choose not to renew it.
-- How You Can Cash In On The Expired Domain Name Trend --
So that is all well and good, but WHAT DOES THIS HAVE TO DO WITH MAKING MONEY??
Here is where the cool part comes in:
Every year or few years, the owner of a domain name must pay a registration fee or else the domain name itself will be back in the marketplace where anybody can buy it.
There are many reasons why an owner of a domain name would not renew it, including that they simply did not realize it was going to expire, they got sidetracked with other business ventures, or they simply decided that they did not want it anymore.
Here's the rub: Due to the previous owner's promotion, there is still alot of traffic and visitors being directed to a domain name when it expires!
If you can redirect the traffic going to the expired domain name to your own website, you have a constant stream of new visitors coming to your site every day on autopilot.
If, as an individual or even a small business, you set out to acquire some expiring domain names for yourself, you would have a very difficult time going about this. It requires a sizeable amount of capital to be able to get into the expired domain name game an a large scale, and it is only on a large scale that you have massive success.
This is just a simple principle from Economics 101, people! ECONOMIES OF SCALE, which means the little guy doesn't stand a chance. It's the same reason that nobody can compete with Wal-Mart, because they have such a huge amount of working capital.
But, like the title of this section suggests, there IS a great way for the little guy to cash in on expired domain name traffic. There are several big companies out there that will buy lots of expiring domain names, and over time they come to accumulate tens of thousands of daily visitors that they can rediirect.
But instead of keeping this goldmine of traffic to themselves, they will allow anybody to submit their own website address and have some traffic redirected their way, which is very affordable and efficient for the little guy with a small budget.
This can be a great option for anybody who has a quality website but lacks a steady stream of visitors, as this is among the cheaper yet still effective of all marketing options.
--Picking A Good Company To Get Traffic From --
I will say right now up front that it IS possible to be scammed in this arena. Be on the lookout for unscrupulous companies who pander to the hopes and dreams of aspiring internet marketers, and then run away with their cash.
What is it that differentiates a legitimate company from a scam in this area? For starters, a legit expired domain name company will always have testimonials on their site from the previous satisfied customers.
A legit company will also be very upfront about what their entire operation is, and they will explain it in terms that even an internet newbie can understand. A scam company will take the approach of providing little quality information, perpetuating the illusion that they know alot about this industry and you should just trust them on this point and hand over your credit card info.
Basically, if you have spent a decent amount of time surfing the web, you will have developed an intuitive sense of when a site 'just doesn't feel right.' So if you feel any internal alarms going off, simply click off the site and make sure you don't give them your money. There will most likely be no return on your investment and you will simply contribute to some cunning web scammer's Bahamas Vacation charity fund.
Free Expired Domain Name
Buying an expired domain is an intricate and cumbersome process, when you do not know the fundamentals and techniques of expired domain name industry. Buying a domain expired domain name is a busy activity, when you apply your mind and intelligence to choose and later buy the most profitable domain name. However, understanding the intricate process and various options involved with registering an expired domain name could also be a confusing and misleading task. This little article will provide you the most basic and fundamental steps and procedures required while searching for a good expired domain name.
Before you buy an expired domain name, you will need to learn and understand the normal and usual expired domain expiration process for dot com and dot net type of web domains. Every domain expiring undergoes a series of steps eventually culminating in the final expiration. Here are a few of the mandatory expiration steps:
I Phase: You can register a domain for a period of one to ten years, during which you can have an unrestricted and privileged usage. To retain the privilege of using your domain, you will need to renew the subscription before the due date. This stage is the active phase of the domain cycle.
II Phase: Many times, the owner of the domain may fail to renew the domain name, because of some compelling reasons. At the end of the renewal period, a particular expired domain name will enter a phase known as On-Hold phase, when the owner will need to pay the renewal fees to the registrar to retain the ownership of the name. The normal time duration for this phase is about 1 to 45 days. This is the grace time period, during which the owner of a domain name can continue to use the domain after paying the required fees.
III Phase: If the owner does not renew the domain even after 45 days, the domain will enter a phase called Redemption phase. This phase lasts for about 30 days, during which the owner can pay a fee called redemption penalty fee to renew the domain name. The suggested fees may range from $100 to $200. During this phase, the owner can still have the opportunity to get back the domain.
IV Phase: Once the 30-day redemption period comes to an end, and still the owner does not renew the domain name, then the domain enters another phase known as Pending Delete phase, which usually lasts for 5 days pending delete period. With this stage, the domain may become out of reach to the owner and domain will be open for sale and subsequent registration on the six day from the date of pending delete phase.
Expired domains are the part of a dynamic and energetic industry. Dropping domains are becoming common everyday and the process of deletion of an expired domain changes often with the intervention of major registrars with the help of ICAAN. If you understand the process of deletion and expiry of an expired domain, then you would have taken the first sure steps towards your journey to online riches.
Both Richard Weber & John Khu are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
John Khu has sinced written about articles on various topics from Fitness, Disease & illness and Computers and The Internet. John Khu is an author and also a seasoned professional with vast experience in expired domain name business. He is the owner of the path breaking web sites called htt. John Khu's top article generates over 165000 views. Bookmark John Khu to your Favourites.
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