How to Uncover The Internet's 'Secret' Goldmine

By Simon Grabowski, CEO of GetResponse.com

Visit www.bizmint.com For More Information

 

 

Great domain names are becoming increasingly scarce. Close
to 23 million ".com" names have been registered, and over 22
thousand are being purchased every day. It means that you're
more likely to win the lottery than find a good domain name.

Owning a domain name that helps to successfully "magnetize"
a flood of traffic is like gold to any online business. But
the increasing scarcity of domain names that are memorable,
short and suggestive have turned them into hot commodities.
Look at some of the recent acquisitions in domain names:

- business.com sold for $7.5 million
- asseenontv.com sold for $5 million
- altavista.com sold for $3.3 million
- loans.com sold for $3 million
- autos.com sold for $2.2 million
- wallstreet.com sold for $1.03 million
- forsalebyowner.com sold for $835,000
- drugs.com sold for $825,000
- cinema.com sold for $700,000
- art.com sold for $450,000
- engineering.org sold for $199,000
- fruits.com sold for $160,000
- perfect.com sold for $94,000

However, while some domains may have been sold for millions,
corporate buyers backed by large bank accounts are not alone
in the domain name game. Even entrepreneurs and speculators
are making a good living in buying and selling domains.

Everyday, domain names are selling for as little as $100 or
as much as $1 million on public auction sites. For example,
eBay.com recently featured actual bids for as little as $500
for "golegs.com" to as much as $20,000 for "arlington.com"
-- and thousands more hovering anywhere in between.

Some individuals seem to know where to grab these "nuggets
of gold." In fact, a handful know about an untapped goldmine
that lies discreetly tucked away in the dark corners of the
Internet. And the awareness of this source has helped these
"lucky" individuals generate either outrageous fortunes or
outrageous levels of traffic for their website.

The goldmine to which I'm referring is the pool of expired
domain names. While only a few people may be privy to its
existence, it is nonetheless ballooning with every passing
day. As much as tens of thousands of unclaimed, unrenewed
and expired domain names become available on a daily basis.

An expired domain is one that was registered previously but
wasn't paid for in time for the renewal date, thus returning
it to the pool of available domains. There are many reasons
for non-renewal (e.g., the owner forgot, has lost interest
in the venture, was no longer in business, was no longer
reachable or just didn't pay for it for whatever reason).

However, you may be asking, "Sure, but I'm never going to
find good domain names let alone do so before someone else
snatches them up." For a long time, being "lucky" also meant
being alert for the countless domains that become available,
and being swift in registering them before anyone else does.

However, new tools are now available, making the process of
searching, finding and registering great domain names a lot
easier. In fact, some of them also help you to become aware
of soon-to-expire domains, granting you an almost psychical
edge over your competitors that allows you to snap up names
just seconds after they're actually dropped.

Nevertheless, a compelling domain name can help an online
business become more visible, credible and accessible. And
it can also help a person make a fortune. While finding one
was very prohibitive, with the help of tools that are now at
your disposal you can be a part of the gold rush, too.

--------------------- About the Author ---------------------

Simon Grabowski is the owner of many online businesses that
generate close to a million dollars in annual online sales.
His latest is the BizMint.com, a unique, sophisticated tool
that helps you to explode your online business by searching
and registering from millions of expired and soon-to-expire
domain names.

Visit www.bizmint.com For More Information