With the growing popularity of the World Wide Web, more and more people are realizing the value of good domain names. Along with the increasing demand for new and original domains, there has been a rising demand for expired domains.

By far, the most valuable extension available to websites is .com. currently, more than 70 million .coms have been registered and the number is ever increasing. For newcomers, finding the right domain name can be a tedious and slow process. Most of the 3 and 4 letter combinations have already been taken and so have the generic words of the English dictionary. This situation has led to the rising demand for expired domains. With the right know-how and time, you can get a great expired domain name at a very cheap price.

Established in 1998, ICCAN (Internet Corporation for Assigned Names and Numbers), controls the allocation of .com domain names. The domains are released by a company called Verisign.

Basically, an individual or company can register a domain name for a time period of 1-10 years. In case the domain name remains non-renewed by the required date, it enters the grace period. The original owner can re-register the domain within a set period of time, during which it is unavailable to register by others. Once the allotted time expires, the domain name becomes available to the general public and enters the market as an expired domain name.

One option for getting hold of these expired domains is by going to any of the sites that undertake buying and selling of domains. You can bid on a domain and if selected, obtain the desired name.

In contrast, several companies specialize in the field of domain name selling and purchasing. These are known as drop companies and implement sophisticated drop catching software to register domains as soon as they expire. It is a good idea to have an account with such companies to get a better chance of getting the required domains. You get the facility of backordering any of the currently registered domain names for free. A list of pre-release and pending delete names is provided by drop companies to account holders.

Considering the competition and demand for expired domains, you will have to make great efforts to spot and obtain the best domain names. Often, these domains are placed in a closed auction and given to the highest bidders. Do your homework before you place a bid in the auction to improve your chances of winning the domain.

You will notice that the price paid in such auctions is much cheaper than dedicated auction sites. It is important to know the value of the expired domains before the auction starts. Always stick to your budget while bidding for a domain name.
Remember to check the registrar which has the expired domain names which you want to buy. They may have their own agreements with companies in terms of expired domains and drop catchers. All these tips can ensure that your search for a good domain name is successful.

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