Your course of action really depends on how much work and effort you can put into the expired domain. If you're barely able to maintain and optimize your current site, you probably want to just 301 redirect the old site (note: see my amended comment above about the link value not likely to be passed). If, however, you're more creative and have some time on your hands, you can try your hand at crafting a microsite. If you really know your stuff and are experienced at making money off various websites, you'd probably do well with the third option. 

When you are searching for the expired domain which you might consider buying, you can conduct expired domains search and learn how to buy expired domains. Or you can take an easier route and go to searchenginereports.net from your browser’s search bar. Once you are on the site, click on the ‘Free SEO Tools’ icon. Scroll down the list of free SEO tools icons till you come to ‘Expired Domains Tool’ icon.

Surely if you purchase a domain (domain1.com) and redirect it to your existing domain (domain2.com) you expect to loose all ranking for domain1.com. If 301's are used then the objective is simply to pass on authority, not dominate the search results with 2 domains. If you want to keep domain2.com in the index then you would take Rebecca's option 2 or 3.
1. Some domain names don’t go to auction and are instead held by the registrar in their own portfolios (you called this “warehousing” by the registrar). This is probably less than 0.001% of the domain names….actually, probably even less. I suspect it would only be premium domain names with massive exact match local search quantities. Not surprisingly, I cannot find any information from registrars about their procedure, quantities of domains their keep, or ICANN’s rules (if any) about this.
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Answer: Many auction sites will allow you to backorder the domain name for free. Follow the process above to find the domain name registrar and auction partner site. Then sign up for an account at the auction partner site and enter a backorder. But remember, the domain name may transfer to another registrar at some point so refer to Step 1 above periodically.
For many reasons, these domain names expire and become available to the market. Perhaps the domain renewal fees are unpaid. The owner no longer needs the domain or business came to a halt. With the large pool of domain names that become invalid daily, investors who are looking to cash in on the traffic that they generate have to do extra work to find the most profitable every day. The trick is to find expired domains.
As mentioned earlier, finding such expired domains can prove to be a daunting task especially if you don’t have a tool to make that process a walk in the park for you. Instead of spending your time searching for tools that you are not even sure will help you find expired domain names with lots of traffic and backlinks, how about you try a game-changing tool integrated into Webfire 3.0 software called Expired Domain Finder and make your expired domain search a lot easier?

By strategically buying expired domain names which have certain quality features, you can create a link "pump" to your target sites. From an SEO perspective, this can turbo charge your rankings on Google and other search engines. Also, you can make money directly by promoting products on high ranking search results. Additionally, you can make money by selling links on your network to people looking to get an SEO boost.
While getting a new domain name will give your site a clean slate and allow you to start a fresh marketing campaign, you may not be aware of the fact that some expired domains come with a high Page Rank value. A company that buys such a domain will not have to work so hard on website promotion and backlink building techniques. Thanks for updating this really informative post!
It’s easier to rank higher with expired domains: Depending upon your domain age, page authority, trust flow, expired domains tend to rank really well when compared to new domains. Most new domains don’t have any DA, page authority or trust flow so it’s really harder to rank well in Google. This won’t happen with the expired domains as they are already established well and might be getting decent amount of traffic from search engines.
Regarding my statement above, “Any domain name that reaches expired status and is not renewed by the owner will be auctioned by an auction service.”–it did overstretch. I’ve modified it to be: “A domain name that reaches expired status and is not renewed by the owner will be listed at an auction service (see FAQ for exception to this rule).” Then I added a FAQ to clarify. Please check my thinking:
The other way you could profit off expired domain names is redirecting the traffic to your affiliate link. For illustration, if you have an affiliate link that sells beauty products, and the expired domain name was mentioned or ranked in a high authority website for terms related to beauty products you can redirect the traffic there to make sales. One sale is enough to make you a decent profit.
By using GoDaddy auctions section, you can also use keywords to search the domain names that you are interested in. For instance, if you type the keyword something like “fitness”, it will list you out all the domain names that matches with the keyword “Fitness” so you can easily make a list of all the domain names with your desired keyword selection.
Domain Hunter Gatherer is a specialized software that helps internet marketers to easily find expired domains quickly and efficiently. First, you can use it to crawl multiple domain auction sites. You can easily monitor many different domain exchanges so you can scoop up the latest and greatest dropped domains. Secondly, you can use Domain Hunter Gatherer to crawl Web 2.0 sites. Now, you may be thinking, “I'm looking for drop domains here, what do Web 2.0 sites have to do with my search?” Well, you would be overlooking one of the best ways to add value to your private blog network. While you don't legally own your Web 2.0 site, you can use your accounts to redirect the links to your target sites. The best part is that many people who build up nice looking and high goodwill Web 2.0 pages end up abandoning them. Many Web 2.0 platforms enable people to re-register or claim abandoned Web 2.0 accounts. By using Domain Hunter Gatherer, you can find these accounts and filter them by niche as well as quality indicators and then redirect their links to your target sites. Your private blog network goes up in value because of a more diverse backlink footprint.
I wish I could tell you that expired domains are some sort of magic bullet solution to all your traffic problems and headaches. Unfortunately, if I were to say that to you, I would be lying. There are drawbacks. Just like with anything else in life, there are advantages and disadvantages. The problems with expired domains is that they are often hard to find on your own. You can take wild guesses and waste a lot of time, effort and energy, and end up with nothing. Also, if you were to try to scope out drop domains by trying to find them in the most common way, which is to use a drop domain exchange, expect to pay a lot of money. Why? Because of heavy competition. Keep in mind that you’re not the only person who knows that dropped domains can bring a lot of traffic to the table. There are many other online marketers out there that realize drop domains' traffic value.

That’s awesome. For someone that’s willing to “dial for dollars”, I bet there would be a percentage that would convert. It’s a funnel, and the more you put in the top, the more you’ll get out the bottom. 66% success rate sounds high, but I have no data…one would have to try it and see. If anyone is interested, I’d love to interview you after you’ve made the calls and gathered the data!
If the domain name is not with any auction house partner (I think that’s what you’re saying), then you can use a drop catch service anytime: https://www.domainsherpa.com/domain-name-backorder-services/ They do not make your order public information as NameJet and others do by sharing how many bids are placed on a domain name and thereby driving interest.
But unless the domain name you want is undesirable to anyone else (e.g., it does not include real words or have a high search volume for the words), the odds are not in your favor. With over 210 million domain names registered and an active, worldwide domain name investing community, it is highly likely that someone else will also find interest in the domain name you are watching. As such, skip to Step 4.
Answer: Many auction sites will allow you to backorder the domain name for free. Follow the process above to find the domain name registrar and auction partner site. Then sign up for an account at the auction partner site and enter a backorder. But remember, the domain name may transfer to another registrar at some point so refer to Step 1 above periodically.

Then the number is an HRL so it’ll be quite a bit different then you’ll see an expired domains because domain pop service is not very good compared to HREFs. Usually this shows about 20 percent of the total lengths. This shows more like 80. Okay? As you can see it has actually 162 referring domains which is quite a lot better than we saw in expired domains.
The second option requires a bit more time and effort than a 301 redirect. You could do a mini overhaul of the site and turn it into a microsite for your main domain. This option is good for exact-match domains for your targeted keyword, and there are other reasons for going the microsite route that Rand's highlighted in his post about root domains, subdomains, subfolders and microsites. This strategy also works better if the old domain has decent rankings for the keywords you're targeting.
Internet Marketing is one of the best fields which have a great output potential, but using suitable tools for different tasks is what make it interesting. For newbies, it may not understandable, but for professional internet marketers, tools are everything. Among many tools of SEO (Search Engine Optimization), expired domains finder that finds expired domains with already build matrices are most attractive things. Online marketers are well aware of the fact that time is everything, so they try to find domains that have already great values to spare their time.
I am a rather gray-hat affiliate marketer by trade, but I"m looking more into going into local SEO and blogging ventures that I feel will be most sustainable. I am having serious moral issues with using any of my link building strategies, but the one I'm struggling morally and long-term strategy-wise is the use of a manufactured link-juice-flowing-thick private blog network. I believe the majority of these will ultimately fall by the wayside in the future when their social value and content are proven to lack substance by machine reading and advanced social metrics. 

I am trying to find the auction house partnered with “Registration Technologies, Inc.” (http://registrationtek.com/). They appear ancient, but still active. I have attempted to contact them and received no response to my queries. How would I go about finding the auction house they are partnered with? Are you certain that all auctioning partnerships are exclusive?

Quite a lot of the time majestic trust flow will be great but ref domains below 10 but when I check ahrefs its considerably higher for ref domains. Without ahrefs I would of passed over these domains and missed out. Worthwhile addition if your building a lot of pbns. I also use linkultra backlink for my final spam check as it checks language,site type and if backlinks are comment, profile spammed etc enabling me to check if the backlinks of the domain are solid very quick.

Domain name search results appear as you type. We can do domain lookups very quickly, and usually show domain search results in less than 100 milliseconds. We generate domain names and check .com and many other domain extensions instantly. We use artificial intelligence techniques to find domains for sale that you can buy today and expired domains to backorder. Just start typing!

When a domain name that was previously registered expires, it goes through a grace period that allows the previous registrant one last chance to reclaim their domain before it becomes available to new buyers. If the previous registrant still has not renewed their domain after the 77 day deletion process, the domain name will officially expire and enter the Aftermarket.
Next, some of these expired domain names have ranked in high authority sites that are ranked or had ranked themselves. Besides, some of these domain names are worth a fortune. For example, domain names sell for about ten to twenty dollars each. However, those that are the most sought after can go for over $ 2500 a month because they have lots of traffic back links or rankings.The last advantage is that you don’t have to spend much to find expired domains.

The following TLDs are now fully supported with a deleted list and a droplist (pending delete list). .hn, .ht, .rw, .cr, .gl, .gy, .gs, .om, .qa, .ir, .pe, .com.pe, .tc, .ky, .th, .co.th, .ke, .co.ke, .uz, .kz, .pm, .re, .tf, .wf, .yt, .sx, .gd, .gi, .kg, .mu, .im, .ug, .sb, .tl, .st, .sm, .so, .sn, .pf, .nyc, .cloud, link, .ms, .mk, .af, .bi, .pr, .com.pr, .nf, .nc, .dm, .bo, .ki, .iq, .bj, .am, .as, .ax, .fo, .mg
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