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Buying a domain is easy as pie. But buying an expired domain? Now that’s a different story. In this article, I will show you how to buy expired domain from the Godaddy auction site and give you some pointers on how to choose your domains wisely so they can pay off for you in the future. But first, let’s talk about expired domains.
What are expired domains?
Domain names are the Internet’s addresses. They can be sold, leased, and traded just like any other property such as a house or a car. But there is a special slope for domain names: A domain does not continue to exist until it is registered.
If an owner does not register the domain within ninety days after the registration date, it will expire and become available for purchase. Therefore, the term “expired domains” refers to domains that have yet to be purchased by another company or individual.
So you might be thinking, “Why would I want to buy an expired one if it can be renewed?“
Good question. Here are a few reasons why you would want to purchase one:
1. You can get some great names that have good branding for free for a short time.
2. The names are often in your price range.
4. You will have a domain that has already had content on it, so you get powerful branding before you even start building your website.
5. You can use expired domains for other purposes, for example for use in affiliate programs or using as landing pages.
What makes an expired domain valuable?
The simple answer is the demand for it. A .com domain with a relevant keyword name (like this one, biggyblog.com) can easily fetch over $100,000 if you really play your cards right and know what you’re doing. But not all expired domains are worth millions of dollars, some are still selling for as low as $50-$100 on private auctions and the Godaddy auction site.
How to Buy Expired Domain
Once you know the rules, it’s time to play! You can browse all of the available domains on the auctions in three ways:
- Type your desired keyword into the search box.
- Go to the auction website and look for expired domains that match your criteria.
- Figure out which category and inventory you want, then go to the Godaddy auction page.
The best way to figure out which domain name you want is by checking the demand for it. The market value of a domain is measured by how many people are searching for it via Google, Yahoo! or whatever search engine you use.
Find out how many people are searching for your domain in Google, Bing, or whatever search engine you use. If a lot of people are looking for it, you may want to consider bidding on it.
The cheapest way to buy expired domains is by going through the Standard Plus category auctions, as these domains still have their minimum bid amount set by their original owner and thus aren’t cheap (typically around $100-$150).
I recommend browsing the Godaddy auctions to see what domains are available for sale. The prices and categories of all domains available on the Godaddy auction page are displayed in a clear overview box at the top of the page, making it much easier to choose your domain.
You will find .com’s, .net’s, .org’s, and all variations of these domain names as well as reseller controlled .com and reseller controlled .net expirations.
The Godaddy auction page has a search function that works the same way as YouTube, Pandora, and Amazon’s Prime service. By typing in the name of your desired expiring domain into this search box, you can find domains that match your criteria in seconds.
Find out as much as possible about how to buy an expired domain before choosing which auction to go to and bidding on it.
How much are expired domains selling for?
Prices vary from one auction to another, and there is no simple way to calculate what a domain will sell for. It’s a lot safer to go by past history, but even still you never know exactly what you’ll get until the auction is over.
Usually, Godaddy auctions start at about $100 and go up from there. However, with the domain market being at an all-time high right now, you never know what will happen. If you are looking for reseller control .com’s that are under the control of other entities (with a minimum bid of $10-$50) then I recommend checking out https://www.expireddomains.net/
How to get your expired domain?
Once you place a bid on your desired .com, .net, or .org and it wins, congratulations! The auction is over and now it’s time to pay. To get your new address, you will need to log in to your Godaddy account, click the ‘Add-on Manager’ tab and click the ‘Bulk Addresses’ button. Here you can enter an email address and select the domain name from your appropriate category.
Once the domain is added as an add-on, it will be automatically activated for you by Godaddy after a 30 minute wait period.
If you were outbid, don’t worry. Remain calm and don’t be tempted to make a final bid for the domain at an insane price if it’s all you want. You can keep on bidding or move on to another domain.
A lot of people think that buying an expired domain will give them their million-dollar idea, but it’s much more than just getting a hold of a .com. Take the time to learn how to buy an expired domain, but also take the time to learn how to use it!
Buying an Expired Domain – Good or Bad?
Buying an expired domain name is completely legal and is a great way to get a hold of some great premium domains. There are plenty of domains that will boost your business if used correctly. You can get a ton of traffic with keywords that you want if you know how to buy an expired domain.
Expired domains can get your business on the first page for some very valuable keywords, which might help you make a lot of money. Ex Expired Domains are becoming more and more popular and have become a sought-after commodity. They are easy to buy and easy to bid on.
But is an expired domain a good thing? Is it a bad thing? Well, I’m going to tell you that it’s both.
It’s a Good Thing to Buy an Expired Domain
I would say that buying an expired domain can be a good thing for you, but only if you know how to use it. Buying an expired domain can be your key to an easy and fast way of getting some great keywords and traffic. The traffic doesn’t have to be targeted, but it can be. You just have to know how to use your expired domain.
An expired domain will get you some nice keywords and some nice traffic if you know how to use it right. And it’s even better than buying a domain that is getting traffic because you bought it for such a low price, but with an expired domain, you might get even more traffic than before.
If you know how to use one of these domains, then you will make some money off of them. I know that you can use them to make money because I do it all the time.
It’s a Bad Idea to Buy an Expired Domain
If you do not know how to use one of these domains and you buy one, it will be a bad thing. You will lose money on it. If you don’t know anything about keywords or traffic, then buying an expired domain is not a good thing for you. You will waste your money. Do not buy expired domains if you do not know how to use them.
Other than that, you can make money off of them if you know how to use them correctly. You can’t beat the price. But you have to know how to buy an expired domain and use it right, or you will lose money on it and all your hard work will be for nothing.
How to Buy good Expired Domain
- You need to know the proper keyword that can make you golden money in SERPs (Search Engine Result Pages). For example, let’s say you have recently started a book-selling website where you sell books online. In this case, you should look for domain names that have some keywords like: “buy books online”, “buy cheap books online”, etc.
- Now you should use Whois. This is a free tool provided by Google. They show you the contact information of the owner of a domain.
- After that, you should opt for the auction site which would be good for your domain, and deal with them. So firstly lookout for some sites which will provide you with expired domains at cheap prices.
- Now go ahead and add the expired domain to your cart, find out if it has already expired yet. If not then buy it and save it. (If it has expired then you won’t get any benefit out of it).
- Next, you need to go to GoDaddy and buy the .com, .net, or .org from them. Go ahead and place the order.
- After that you will have to wait for a while as they are in process of getting it ready.
- Once they deliver you’ll have to bring your expired domain “A” name and transfer that into your new domain “B”. Now you’ll need to go ahead and name the new domain with the old expired domain name.
- Now set up your website and make sure that the A and B are pointing at each other with a CNAME record. If you want to host A and B at the same place, then you need to set the CNAME records accordingly.
- Now you can go ahead and make money from this.
Pros and Cons of Expired Domain
- They are probably quite cheap.
- They are easy to buy and easy to use to boost your website’s traffic.
- Depending on the owner of the expired domain, they may be willing to give you permission to do an affiliate link on their website if they know that you are able to use it as intended.
- Generally speaking, there is a good amount of competition between the people bidding on these domains, making it a strong incentive for potential buyers and sellers alike.
- The keyword that you are hoping to use may be owned by another company and not be up for sale.
- The competition can be quite stiff, with the winner taking all approaches a common scenario.
- You will have to have a strategy and a plan on how to make the most of the expired website, otherwise, it is just a waste of money.
- Sometimes the owner of the expired domain is actually using it themselves; this is obviously illegal, but provides a certain degree of difficulty in buying it.
Expired Domains are a brilliant idea for anyone wanting to make money online. They offer a lot of potentials and can be used in many different ways. Before investing a large fee in an expired domain, think carefully about what you’re buying and how you intend to use it. You’re not buying a domain for its potential, but for its value.
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