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An expired Domain Name is a Domain Name which was previously registered but the owner did not re-register it. If a Domain Name expires, it becomes available for anyone to register.
Why are Expired Domains so Popular?
One reason is that if the domain name itself has a lot of link popularity, it will have an established source of traffic. What this means to you is if you snap up an Expired Domain with an established source of traffic, you will have a site with instant traffic.
To prove that expired Domain Names with traffic not only exist, but exist abundantly, I will show you a site which sells Traffic from Expired Domains. That's all they do!
2. Go to http://www.scriptlance.com and post a project up for bid. You will get programmers from all over the world bidding on your project. The beauty about this is that you can specify exactly what you want your script to do and you will most likely pay much less for a full featured script. Plus you will own the rights to the script.
So How Can You Profit from Expired Domains?
In his course, Corey Rudl explains one website model that should interest you right now. The website model goes like this:
Find a service which somebody is charging money for on the Internet.
Offer a similar service for Free and have no sales messages on the site in the early days.
Corey goes on to explain that after thousands of people link to your site, you can convert the site into some kind of profit model by selling ad space, your own product that you have created or affiliate products etc.
So clearly, the ones who make the most money from Expired Domain Names are the ones at the top of the Pecking-Order.
Will you make the most money by joining an Expired Domain names affiliate program or will you make more if you have thousands of Affiliates selling your product or service.
What would you rather do?
Pay 10 bucks a month to access a database of expired domains or pay 10 bucks a month for web hosting and own the whole deal?
What if you offered Free Expired Domain Name Search on your site but also offered Domain Name Registrations on the search results page?