How buying dropped domains can be very lucrative and profitable
Earlier I asked if it was worth buying a domain I knew had dropped again and what peoples views on buying dropped domains. Now I want to talk about actually buying dropped domains as a way to make money.
Because we were saying how some sites that drop are already getting traffic to them but the owners have forgot to renew them and they drop which you can then register yourself and coin in on the traffic that site was receiving.
So it can actually be quite profitable and lucrative buying dropped domains. Some people get very luck indeed as well. While there are literally millions of domains dropping everyday. More like thousands. Most of them are probably rubbish domains/sites that didn't rank for anything such as parked domains etc. However some of these dropped domains used to be big successful sites the the webmaster has either forgotten to renew or doesn't care anymore (maybe they won the lottery and abandoned it) and you can then re-register this domain again in your name.
Of course, if you come across a dropped domain like this that was getting a lot of traffic to it whether organic or referral traffic, direct or social media traffic. And if it was getting a lot it, you can cash in on that by monetizing it. This completely cuts out having to SEO your site or build traffic and backlinks to it yourself which can take a long time before you eventually build up a lot of traffic and ranking to your site.
When you purchase a dropped domain, and it happens to be a domain that was a very big website that was getting a lot of traffic to it already, then someone else has already done all that for you, on that website. You can then do whatever you need to do to remonetize it and turn that traffic into earnings somehow.
Basically, this is something people do and it can prove to be extremely lucrative and profitable. If you think about it, it only costs about $9 to register a domain. And the traffic the site is getting could earn you back that much in one day (depending on how much traffic it was getting).
There's many ways to check how much traffic a website is/was getting. And there's lots of tools out there you can check all its details out too such as backlinks count, PA/DA, Alexa rank etc etc just use SimilarWeb or Woorank.
There are even some sites that can send you a list of freshly dropped domains everyday which you can then run through some bulk PA/DA checker etc and then if you see any that have good PA/DA etc look into it some more and see if it's worth buying (reregistering) and then bring it back to its former glory and earn from that.
I think there are stories where people have reregistered the domain then held it to ransom to the original owner for like 100x its worth. That's why you should always make sure your domains never drop if they're a serious site!
Of course, there's more ins and outs to it than that, but that's basically buying dropped domains in a nutshell, how it works and what you might need to do.
So yeah, buying dropped domains. Is this something you do?
If not is it something you think you could or would do?
What more can you tell me about buying dropped domains?
Do you think that buying dropped domains is ethical?
What's a good source/site to find fresh dropped domains?