Would you like to know where millionaires like Richard Rosenblatt, the former owner of MySpace are currently investing their money? Well, he is investing millions of dollars into domain investing. There is a way that you can make money too, with expired domain names! [...]
Perhaps the most poignant scene in Arthur Miller’s play The Crucible happens at the end when the protagonist, John Proctor, refuses to sign his name on a false confession. When asked why he refuses to sign the document, even though it could save his life he cries out in anguish, “Because it is my name. It is the only name I will ever have.” It is a heartfelt and stunning reminder that our identity begins at birth when our parents name us. A web site also depends on its name, which is why choosing a domain name that best represents your site and its purpose is something to be done very carefully indeed.
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There are many dangers in buying a dropped domain name. A dropped domain name is basically a domain that was purchased by someone else, but that person let the domain expire. This can happen for many reasons. The owner may have forgotten to renew the domain, in which case you may be able to turn a profit in selling the domain back to the original owner. The owner may have let the domain name expire due to any number of reasons as well, although the most common reason for this is that their enterprise failed.
Beware of the Danger
This is where the danger lies. Expired domain names come with a history, and that history remains with the domain even after you buy it. If the domain has a low PR rating, it could seriously affect your success with the domain. The domain may also have been used for spamming or other illegal activity, in which case you may have problems getting visitors to your website. Search engines can also be wary of the domain, or simply have banned it from their registries due to a break in terms of service.
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