Would you like to know where millionaires like Richard Rosenblatt,
the former owner of MySpace are currently investing their money? Well,
he is investing millions of dollars into domain investing. There is a
way that you can make money too, with expired domain names!

Business 2.0 magazine reported that domain investing is creating a new
class of millionaires who are making as much as $20,000,000 per year
in passive income from simple domain investing.

The field of domain investing is a fairly new one which is just ready
to explode with profits. The web has become the new real estate boom.
Instead of investing in condos and flipping old houses, people are
investing in expired domain names.

So what exactly is an expired domain name? It 's a domain name that
someone had bought and didn't renew for some reason or another. And
each day, somewhere between 15,000 and 70,000 domain names are not
renewed and fall into the category of expired domain names.

What makes some of these expired domain names so valuable? Well, some
have a lot of traffic directed to them already. Some people spent time
building a website and a business online, directing taffic to it,
exchanging links and developing listings with the search engines. Then
they gave up on it or went on to something new. When the original
person doesn't renew the domain name, it becomes an expired domain
name and anyone can buy it.

You may be thinking. How can I make money with someone else 's expired
domain name? Well, there are several ways.

My favorite way is the easiest and simplest. Right now, when a domain
name has expired, the parking company parks the domain. They put ads
on it. When someone goes to that domain and clicks on an ad, they make
money. Now if YOU own that domain name, and register it with a parking
company, which is free, by the way, YOU can get those checks when
someone clicks on one of those ads. It is really that simple to start
a residual income. Those checks will continue to come in month after
month as long as you own that domain name.

Another way you can profit is to resell expired domain names. For
example, the highest reported domain sale in 2006 was $7,500,000. Now
chances are that you're not going to stumble onto a million dollar
website that no one has noticed, but even if you spend $60 and double
your money, that 's not such a bad investment!

Here is another idea. Search for domain names with the same keyword
list that you use for your own website. Suppose you have a business
selling printing, for example. You can purchase expired domain names
with the same keywords and then point the visitors from the old
websites to your new website. This will give you instant traffic!

While there is no way to determine the actual amount of traffic going
to a particular expired domain, you can find out its link popularity
in the major search engines.

These are just a few ways that you can make money with expired domain
names and if you're a creative person, I'm sure you'll think of more.
In no time at all, you could be on your way to making a residual
income with expired domain names!" To Learn More About This Business,
Visit www.Expireddomainfortunes.com

Thanks for sharing about expired domain business, just like any other internet business it requires learning in and out on how it works.
But in your opinion apart from dotcom which extension sells or hit millions in the domain brokers industry?

Well dotcom is still the hotcake in the domain world, however the other extensions you can consider also are dotorg and dotnet. Country codes are also making killings nowadays

Among africans codes such as Ng, Gh, Ug, Za etc which of the Africans extention(s)  is/are in the top list?

well as for now dot ng is on top of the list.

Nigeria population must have been driven its domain, I don't see much reason behind it being in up list. Is good to patronize local domains though.

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One of the best parking companies for Nigerians to park their domain names is www.sedo.com You can receive your payment through Check, western union or Domiciliary Acc. SEDO has been very Nigerian Friendly

According to spamhaus the most abusive registrar is alphanames - avoid them as they are a warning sign right off the bat. - Find expired domains with authority backlinks here - expired-domains.adultwebhost1.com

Please explain to those who don't know, what is alphanames?