After reading Part 2: Uncovering Hidden Expired Domain Gems, you should hopefully now have an understanding on how to recognize a quality expired domain name. Now that you have uncovered your hidden gem, the next step is to purchase the expired domain name.
Buying Expired Domain Names
Once you have chosen the expired domain name that you want to buy, click on the green “Buy” button beside the domain name. This should take you to TDNAM listing for the expired domain name.
The listing should look similar to the screenshot below:
Before going any further, to purchase an expired domain you must first have a Godaddy account with TDNAM membership enabled. Membership is relatively cheap at $4.99 for a year.
You can sign up for TDNAM membership here.
Also, make sure you take note of the exact time and date that the auction closes. I tend to bookmark the page so I can easily access it before the auction closes. Write down the date and time on a notepad and put it somewhere so you won’t forget.
The last thing you want to do is miss bidding on the auction because believe me it does happen!
Advice for Bidding on TDNAM Auctions
Before you place a bid on your target expired domain name I want to give you the following advice.
Don’t Bid on an Expired Domain Name until only a few minutes are remaining
It’s very important that you remember this advice. If you place a bid on an expired domain name then you are sending out a message to all the expired domain hunters by saying “Hey come and check me out I’m a good expired domain!” This can therefore result in you having to bid against a number of other people for the targeted domain – causing the price to rise!
Take my advice, it is always best to save your bids to the last minute and then strike.
Don’t get emotionally attached to an expired domain
If you have ever been a member on ebay or any other auction trading site, then you will know the feeling of being in a bidding war against someone else. You both keep bidding against each other until one of you throws in the towel resulting in the other person winning the auction. You will find exactly the same situation also happens with expired domains at TDNAM.
I therefore advise for you not to get too emotionally attached to the expired domain you are bidding on. I know it can be difficult to let the expired domain go if the bidding gets too high.
Set yourself a limit as you will only end up paying more than what you would have liked for the domain.
Remember, there are thousands of new expiring domains that become available each day, so if you don’t win the auction for the expired domain name you are after, the chances are there will be another opportunity waiting around the corner.
Conclusion
That concludes my article Part 3: Buying Expired Domain Names. To recap, in the previous parts of this series I have explained and outlined ‘how to find daily expiring domain lists’, ‘how to properly research and identify expired domains’ and ‘where to buy expired domain names’.
In Part:4 the final part of my expiring domain names series, I will reveal the dangers and some frequently looked over pitfalls of buying expiring domain names and how you can avoid falling into these traps. I have learned from these mistakes and will share these experiences with you so make sure you keep a look out for this very interesting article I will be posting shortly.
Fox Marketer
