You can use a number of simple methods and plans to create a solid income base that earns a monthly ongoing income base. For many expired domain entrepreneurs (both full-time and part time), expired domains offer an opportunity to supplement their current income with money earned out of dealing with expired domains. Domains expired also has a potential to make domain traders to create a big virtual estate. Here are some details about those methods that allow you to play with your domains and later tweak them to generate a solid income
Speculating domain names: the market for domain speculation is not large enough to make a big profit; you can still use this method to sell some good domains. You can develop your own technology and use the current trends to speculate on domains. Technologies and trends evolve and transform constantly and you will need to keep your pace with them to speculate on your domains. You may need to detect and find those expired domain names that portray current trends. There are domains that relate to current business scenarios, technologies and markets. Such domains are worthy buying.
Redirect traffic from your expired domain to your web site: Traffic is the most demanded entity by web masters. In fact, they buy traffic to enhance the value of the domains. Getting some traffic to your main web site is very cheap especially when you use your expired domain as the point. Targeted keyword based expired domains can get you some amount of traffic. Smart web masters always use the power of their expired domain names to sent people to their main web site.
Convert expired domain names into mini web sites: You can create a mini web site out of your expired domains, by using latest web designing technologies and integrating the designed site with third party payment processors as well as auto responders. Always choose those domains expired that has a keyword based URL. Once again, the main goal of using such web sites is to sending traffic to the main web sites.
Purchase expiring web domains that are online: Many of the expiring domain names have web sites on them and they are still on air. Most probably, their owners actually forgot to renew the name or they just want to abandon the name. Buying such domains is always beneficial as they already possess some amount of incoming traffic. In some cases, they may also have a comprehensive directory listing.
Use expired domain for affiliate marketing programs: These programs are great opportunities to earn some money by selling products for others. You need not own any products or services to operate this program. In fact, you are redirecting your traffic to your affiliate service providers. You can get income on the basis of commission earned when someone buys a product after clicking the link on your web page. You will need to find those expired domains that have URLs similar to the products sold by affiliate web sites.
You can also use exhaustive method like domain flipping to transform your expire domain into highly profitable entities. It is all up to you to use the power of expired domain to earn money; how you use the available technology depends on your skills and knowledge of expired domains.