Losing your Domain Name can be a big loss to your website, business, your brand, and your reputation. This could also leave it open to being re-registered. And also possibly used for malicious purposes.
Domain Names are more important than you might realize. They are in effect your online identity and represent your business. And a good Domain gives your business credibility and sets it apart from generic websites. It will inspire customers trust. Will help with SEO efforts. Your domain is the single point of contact for people and your digital business development and marketing. When you receive a renewal notice for your Domain, there are a few questions you should ask yourself before letting the domain name expire.
Nobody likes to pay for something they are not using. But with Domains this is different. Domain Names are completely unique. It is not just a simple thing if you decide you want to use the domain again. Someone else probably already has eyes on your Domain and is just waiting for it to expire. Recent studies show more than 85% of expired domains are re-registered within days. Domain names are not expensive. And paying that small renewal fee can be a good insurance policy in case you decide to use the domain name in the future.
Expired Domains can be highly valued. After a Domain has been registered and used, it can provide a history of established site traffic and backlinks. This will make it valuable to many companies and competitors. Millions of dollars of pre-registered domain names are bought and sold each month.
Below is a list of the most expensive reported domain name sales from NameCorp.com.
Whisky.com sold for $3.1 million in 2014.
Vodka.com sold for $3.0 million in 2006.
Toys.com sold for $5,100,000 in 2009.
Voice.com sold for $30,000,000 in 2019.
Shop.com sold for $3,500,000 in 2003.
Tesla.com sold for $11,000,000 in 2018.
Hotels.com sold for $11,000,000 in 2001.
Software.com sold for $3,200,000 in 2005.
FB.com sold for $8,500,000 in 2010.
Korea.com sold for $5,000,000 in 2000.
Wine.com sold for $3,300,000 in 2003.
California.com sold for $3,000,000 in 2019.
Candy.com sold for $3.0 million in 2009.
Pizza.com sold for $2,605,000 in 2008.
Loans.com sold for $3.0 million in 2000.
Your domains may not be worth this much. But before you let your domain expire, consider if someone else might want to buy it. Even a couple of hundreds of dollars would be a nice plus.
You can auction off your domain name or list it for sale on domain marketplaces like Sedo.com and Afternic.com. It can take time to sell a domain. So we suggest starting the process of selling those domains well before renewed is needed.
Learn how to sell a domain name with a simple step-by-step guide from Name Silo
This is probably the most important question. You may decide you will never use that domain. Maybe it was a domain you registered just to protect your website. Or maybe it is a personal Domain to show off your newborn grand children? You may not need it now, but how would you feel if someone else owned the domain you used?
They often use algorithms to determine which domains to re-register when they expire, and this could include a domain that had meaning to you. They will then try to resell the domain and or will put ads on the Domain while they wait to resell it.
Many Domain Registrars rely on the fact that almost everyone will not read the fine print. Be sure to check what the renewal rates are. Some inflate the renewal rate, and they try to persuade you into buying more than what you need or want.
Domain Name details can be public record in the WHOIS and RDAP directories. Most businesses choose to keep their personal information private. Public data is susceptible to being mined by spammers and scammers. All domain registrars should offer Privacy Protection for free. Beware of those who charge a premium for “Whois Privacy”.
If you are looking to transfer a Domain to save on renewal fees, or for any other reason, make sure you start the transfer at least 30 days before expirations. 60-90 days is preferred. We have seen some Registrars put a domain on hold for 60 days, preventing any change or transfers.
Find out your expiration date by typing in your Domain below
Look for Registrar Registration Expiration Date:
Or search for a new Domain before someone else snaps it up.
Very informative post, I read your posts all the time to enhance my skills, Regards.
Tweet Share Pin Email.