Making Money with Expired Domain Names
SHORT ANSWER: An expired domain is a domain name that’s registration has expired.
LONG ANSWER: When you purchase a domain name, it must be registered to a person or a business, your choice. Your domain name registration is good for one year, at which time you can renew ownership. Every year after that you can renew your ownership. Domain name renewal costs anywhere from $5 to $15, depending on which domain name registrar you use.
Most domain name registrars give you the option of a multi-year renewal, which saves a few dollars and the headache of renewing every year. Multi-year renewals are a good idea if you have a domain name you are pretty certain you will want for the foreseeable future.
Even if you decide to let go of the website attached to the name, you can always use it for PPC and affiliate ads like the big guys do!
A domain name with an expired registration, meaning no one owns the name at the moment, is known as an “expired” domain name. If you don’t renew your domain names at the end of each year, they become available for purchase on the open market.
Why would someone allow a good domain name to expire?
- Perhaps it wasn’t such a good domain name after all!
- Absentminded website owners who simply neglected to renew their domain names;
- Webmasters who got tied up in other ventures or interests;
- Webmasters who discontinued a site due to time constraints;
- Webmasters who ran out of money to continue to operate.
As domain name renewal comes around, you should get several renewal notices from your domain name registrar. Make sure the email address on file with your domain name registrar is working so you don’t miss a renewal!
When a domain name expires these days, the bigger domain name registrars assume control of the name for a few months before allowing it to be sold again. Your domain name registrar parks your old domain name because there might still be traffic to the site, traffic thta just might click on an ad. The page will be filled with PPC ads, all profits going to the registrar. Smart!
Here’s the rub: if you decide you want the name back after it’s expired and the registrar has assumed control of it, the registrar will charge you anywhere from $50 to $150 (those are the prices I’ve seen) to pull that domain name out of limbo and reinstate it to you! (You never know about a domain name. Out of the blue it could get a few PPC dollars - even if only from misspellings!)
The lesson here is, if there is any chance you can use that domain name, make sure your email address is good so you don’t miss your renewal!
