One big tip is to find a domain that someone can make money with. If you only owned that 1 domain, could you earn a living? This helps you focus on the top 1% of domains and ignore the junk that you will struggle to resell. You must get this right because domaining can bankrupt you fast if you buy the wrong domains. Godaddy is also great for grabbing expiring domains for much less.
Hundreds of thousands of domains expire everyday. While most of them are trash, quite a few are aged domains having excellent backlinks. These can be easily filtered using metrics from Majestic (Trust Flow) & Moz (Domain Authority). These are great for your money sites or for building private blog networks. Some of these domains have natural organic traffic, that can be determined by their SEMrush rank or the SimilarWeb data. These are great for domain parking or for promoting affiliate offers.
What DomCop does for you, is show you a list of all these domains along with important metrics for every domain. These metrics, along with our powerful filtering and sorting capabilities, will help reduce the size of the daily list from 200,000+ to just a handful of the very best domains. What would take you hours, will now literally take you seconds to do.
I did this last month, snagged a great domain that no one else found and got it for $69 because I waited until the last moment to place my pre-bid. Flipped it within a week for a little over $1,000. And probably could have gotten more if I sat back and waited 6-12 months, but a bird in the hand… (plus I like to keep turning over inventory and maintaining cash flow).
Most of the website owners interested in an expired domain that has existing traffic, backlink and good SEO metrics. This kind of domain more likely gets buyer easily since it has a plus value for search engine optimization purpose. You can find high-quality expired domains that have SEO metrics by using BuycomDomain - The Expired Domain Search Tool for free, as seen in the picture below.
If you buy a dropped domain from Snap or Namejet, the backlinks seem to be worthless for SEO. They are valuable for traffic if it's targeted to your site. Go ahead and 301 redirect into your site because it's the traffic from the back links that is worth something. I use the Google URL builder to redirect these names so you can see the domain the traffic is coming from.
They see a domain’s price tag and they can instantly tell whether it’s under or overvalued. This is probably the most important skill one should have in this industry. Neil Patel has an interesting related quote: “The most important thing to remember when buying sites is that you always make money on the buy, never the sell.” In order to successfully do this, you must be able to spot undervalued domains. This is what will ultimately translate for you into a handsome profit margin when you get the opportunity to resell the domain for its “real value”.