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Expired Domain Name
Domain names are not good forever, they expire. You can buy or sell expired domain names. This article explains how domain name registration works, how to get an expire domain name, and what to expect to pay for an expired domain name.
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If you are trying to register a domain name, you have probably discovered that most common words and phrases have already been claimed. Indeed, domain names are rather difficult to get right now because an online Web presence is so common and desirable that there are close to 80 million registered .com names and more than 177 million domain names total, according TechCrunch. With that kind of competition for domain names, it is no wonder that it is hard to find something you can use.
How domain registration works
It is important to understand how domain registration works if you are going to make best use of the process. First of all, it is important to realize that you have to work through an accredited domain name registrar. This registrar must have approval from ICANN – the Internet Corporation for Assigned Names and Numbers. When you get your domain name, it is actually more of a rental. You have to make regular payments (usually yearly up to every 10 years) in order to keep your domain name active. There are some free domain names, but normally you will not be the top level if you choose these. If you want your own top level domain name (www.yourcompany.com as opposed to www.yourcompany.blogspot.com), you will have to pay for it.
If you do not make regular payments, your domain name will expire. When the expiration is complete, your domain name will then be able to someone else. Indeed, this is why it is so important to renew. Set up automatic renewal, or sign up to have reminders sent to you regarding renewal when the time comes. Otherwise, you might end up with an expired domain name – and no home on the Internet.
Getting an expired domain name
If the domain name you want is not available, you might consider looking at expired domain names. Many registrars have lists of domain names that have expired, or that are about expire. You can look through these databases for something you like, and then attempt to secure it. However, the process can be long and difficult. And, depending on the popularity and desirability of the domain name, it can get expensive.
First of all, if you are interested in getting an expired domain name, you can place an order on it. This order, however, does not guarantee that you will end up with the name. It only means you have a chance at the domain name. First of all, there is a grace period for expired domain names. The domain owner has a 30 day grace period that starts when the expiration date arrives. During this time, the owner can re-register the domain name. If this happens, you clearly will not get the expired domain name.
After the grace period, there is another 60 day period. During this time, the owner can still renew, but for a premium. You are still waiting for the expired domain name to work its way through at this point, and you can keep tabs on how things are going. Finally, around 90 days after the expiration date, a domain name is actually available. If no one else is waiting to grab it, and you already have an order on it, chances are that you will then get the expired domain name.
However, if someone else also wants the domain name, a bidding war ensues. Expired domain names go to auction. The registrar facilitates the auction, sending you notices of other bids for the domain name. You have a certain amount of time to respond, and raise the bid. If you do, then the other players have a certain amount of time to respond and decide whether they want to raise their bids. In the end, you have to decide how much the new domain name is worth to you. If you do win the bidding contest, then you are the shiny owner of an expired domain name.
Of course, if you want to keep this domain name, you will have to make regular payments on it so that it does not expire. For some expired domain names, the cost can be as much as thousands of dollars. Some domain names are quite expensive: Business.com cost $7.5 million in 1999. Most expired domain names end up costing somewhere between $100 and $1,000.
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