Copyright © 2009 John Khu
If you are thinking of placing a backorder for a domain, then you may need to follow several established guidelines and principles suggested by expert and seasoned expired domain traders. Currently, you can choose one among the following three firms that offer you backordered domains. You may wish to subscribe to all three of them to enhance your chances of winning a good domain name.
The three services that offer you backordered domains are:
All these firms offer you almost similar types of services by using a good network of registrars, to tackle VeriSign servers at predetermined time. This regular search and seek effort will help you grab as many domain names as possible. These firms also know how to tackle VeriSign servers without arousing its suspicion for spamming. Though GoDaddy is a good registrar, you may need to be careful, while using this service, as all those domains that are successfully backordered will eventually find their way to a regular public auction. In a pubic auction, you may face stiff competition from hundreds of domain traders, w ho may vie for the same domains. Further, the cost of acquiring domains through a regular auction process could be very high and premium.
The cost of acquiring backordered domains on the above mentioned service firms are free! You just have to pay them, when you win a good expiring domain. The standard fees of winning a domain name through these web portals are:
Pool.com: A low US $60 fee that also includes a 1-year domain registration. In the case of a domain backordered by multiple users, a short 3-day auction will take place and the winning bid will replace our standard fee.
SnapNames.com: This site charges a flat fee of $59 for the service and you may need to participate in an auction process in case there are multiple requests
NameJet.com: The fees are very low and you will just need to pay $29 to access the service, which includes a one-year registration. If there is more than one domain trader who backordered a name, you may need to participate in auction process.
In case of an auction, you can consider the following important points:
a) Deciding the amount of money you are ready to pay for the domain
b) You should also know when to place your bid. The best thing to do is to place a bid just before the auctioning process comes to an end. This strategy works well if there are a few numbers of bidders. Preferably, you may wish to place your bid just before ten minutes to the end of bidding.
Note: If there are any outstanding bids made before 5 minutes of closing time, the bid time may be extended to another five minutes. Ensure that you are budding within your suggested budget. Never be over enthusiastic while bidding for a domain. Bid only on those domains that are commercially viable and potentially worthy of making money.
About the Author:
John Khu is an author and also a seasoned professional with vast experience in expired domain name business. He is also the owner of the path breaking web sites called http://www.expireddomainsecret.com and http://www.expireddomaingains.com which provides complete and up-to-date information on expired domains and their eternal secrets.
