You will also need to enter in specific keywords, these are words that when contained within any of the expired domains, will be included in the results page after you have entered in your list and filtered through the results. Creating a keyword swipe file is an ongoing job, and one that you should concentrate a lot of effort on, as the more prime keywords you enter into the software, the better your chances of finding true gems.
This comes down to the niche markets you cater to, and you should take a bit of time to start creating a list of keywords in a text file that you can copy and paste into the software. Apart from targeted keywords, you should also consider thinking outside the box a bit, by drumming up a list of memorable keywords that when added to a domain can be used for branding purposes.
I've sold countless domain names contrived of two keywords that really made no sense together but because of the sound, the appeal, and the brand ability factor, they were gobbled up quickly.
Think about some of the Internet's most popular websites like Twitter.com, Facebook.com… or FeedBurner.com whose domains are off the beaten path but definitely memorable, which is one of the best important elements of a domain names profitability.
Take some time to get familiar with both the expired domain websites as well as the software available to help you manage the lists and weed through potential gems.
Once you have sorted through your lists, it's time to run the remaining domains through a bulk domain registration tool, to determine what domains are still available, as others downloading these lists may have scooped up a few already.
One great resource for checking large domain lists for availability is available at www.Moniker.com There you can enter in hundreds of domain names and allow the software to validate whether the domains are available or have been registered. With Moniker, you can check up to 500 domains at once, which will free up a lot of your time so you can continue searching for solid and available domain names.
You can visit Monikers bulk domain registration page at: http://www.Moniker.com/domains/batch_reg.jsp
Once you have a solid listing of available domain names, it's time to follow the advice of many who have garnered wealth in the domain industry for many years through proper and careful selection. Copy and paste a portion of your domains from your list into the text box. Remember, it can only check 500 at a time. Once you have entered them in, click the Search tab to send your query off. Wait a few minutes for the results…. (This can sometimes take a few minutes, so be patient). When checking for domain names you can choose to have Moniker search for only dot com extensions which is what you should focus on primarily when you are new to domain names. Dot com (.com) is the most popular extension and are often easier to flip it.
For other extensions, you will be required to do more in-depth keyword and traffic research so let‟s stick to .com‟s for now. Once Moniker is done searching for the domain names you have entered in, you will see a results window where you can choose to register them with Moniker.
Note that you are not required to register them there, you can use whatever domain registration provider you wish, we are simply using Monikers bulk domain checker to sort through our lengthy list to determine availability of each domain name.
For me, I typically register a handful of domain names a day. I never go overboard unless I happen to stumble upon a great list or a good deal. When you are first starting out, you should set aside $50.00 and try to register 5 domain names to start. Once you have begun to generate a profit and have a feel for how domain flipping works, you can begin to take a portion of your profits and invest it back into registering domain names. It will not take long before you have the business paying for itself entirely, including higher priced domain names that you will eventually register and flip.
You can also find tons of expired domain lists on domain forums and blogs. I have included quite a few within the Resources section at the end of this guide, so be sure to check those out in the end.
Whenever you download an expired list of domains, you should begin to weed through it taking notes of the ones that appeal to you either because they are short, memorable or based on keywords that you have found to be in demand.
The only problem with expired domain listings is that if you don‟t move quickly, a lot of the better domain names will be snatched up as these lists tend to get distributed all over the Internet rather quickly.
Another obstacle when browsing through expired domain lists is the fact that often times domain registrars such as GoDaddy.com, will snag any domains that have existing traffic. This means that some of the domain names on the lists will not become available after they have expired, but instead, held by the domain registrars for a period of 5-7 days before potentially being dropped and made available again.
The best way to address this is to go over each list (and as many different lists as you can), taking notes of any domain names that are appealing. Write them down in a text file and every day, take a few minutes to check whether the domains have become available to the public. Before you do this, however, you should know that there are many domain registrars online that will literally steal your domain research. What this means is that when you type the domain name into your browser to see if it‟s available, or if you visit a domain registrar‟s website and enter in a domain to see its status, these companies analyze this data and may snap up a domain you are considering.
This has been happening for many years and has recently caused quite a stir amongst the domain community when some well-known registrars were caught doing this.
To avoid domain snatching, I recommend using a trusted provider, such as www.DomainTools.com It has a strict policy against domain research stealing, so you can rest assured that if you use the service to check for domains, you will not be exposing your considerations to someone waiting to snatch it up.
www.Verisign.com is also another trusted provider, and despite allegations regarding NameCheap from time to time, I have used them for many years without any problems in having my potential domains gobbled up or squatted on by their team. They are also my chosen registrar due to their lower prices and included WHO privacy protection guard that comes free with every domain registration.