The easiest and least time consuming option is to 301 redirect the old domain to your existing site. This tactic obviously works best if both sites are in the same sector and are targeting the same keywords; otherwise, if you have a pet supply site and you buy an old Texas Hold 'Em poker site, a redirect probably might raise some eyebrows among the search engines. If, however, your site is and you buy and 301 redirect the domain over, you're inheriting a lot of topical and appropriate links. 

Hey, what’s up everybody. It’s Brian Dean from Quick Sprout. In this video, I’m going to show you how to buy affordable expired domains and how to evaluate the potential value that an expired domain could bring to your site. Now, expired domains is pretty gray hat, black hat type of thing because there’s basically two things you’re going to do in an expired domain.
So, what to do? Simply, you must use someones other hard work and thinking. People have already contemplated all possible variations, synonyms, they know how domain names are valued, know about keywords, type-in traffic etc. Every day tens of thousands domains names are expiring. Every single day. That is hell of a lot expired domains to pick from. The reasons why people "let" domains expire are various. Could be somethins as banal as forgeting to renew, could be as serious as physical death. Many let domains expire because they don't need them any more. But that is not your bussiness to think about.
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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). The domain name does not immediately go into auction, but is immediately listed on the partnered auction service with an auction scheduled for the near future. Such a domain name will be exclusive to that specific auction service.
When the domain drops, the minute it drops, literally, they will try to get it and if you can get it, it’s yours. So, that’s it for expired domains. You can see it’s a little bit complicated and it takes some leg work, but if you’re interested in building a publisher network or a private blog network, this is a great way to find sites that have a great link profile without you having to actually build any links. So, that’s it for this video. I’ll see you in the next one.
Hello, since many years now my domain name has been stolen from me. Now it’s for sale but for $3000 and I don’t have that kind of money. My question is, if I backorder it, won’t this trigger the owner to keep on renewing it each year hoping that one day I will buy it from him? Isn’t there a way to reserve my domain name or get notified when it goes back to sell without the seller to know?

One of the ways to make the most of this strategy is to sign up for Mobidea. Whatever expired domain you may have, there are high odds that Mobidea would have an offer that’s relevant to your domain’s niche. You simply host your website on the expired domain, place Mobidea’s offers on your website and whenever you make a sale through your website, you receive an affiliate commission!
Great information! I’m actually looking to transfer one of my websites to other domain and I wasn’t so sure which should I choose it to make the best choice. I had no idea until now that you can use an expired domain. But what are the costs of such domains? But the expired domain aren’t very expensive? Due to the fact that they belonged to websites with great daily traffic? What is the price range of an expired domain?
Some people might want to skip that because they think that they've already been crawled, which is a possibility and you can apply a manual exclusion to any results you think are going to be returned on Google for your search query. So things like YouTube, you don't want to crawl, then you can add them in there and it will ignore them if they returned in the search results. Okay, so that's yeah! That's pretty much the search setting query settings here. So your search terms go here. You can have as many as you like just enter them in their line separated.
Thousands of domain names expire every day. The reasons are different. Some owners forgot to renew the domains, some just don't want them anymore or they moved on to other projects. For most people these so called Expired Domains don't have any value. They just see a bunch of Domain Names someone else deleted and move on, but for the people who know about SEO or the value of good Backlinks, Expired Domain Names are money just waiting to get picked up from the street. The only problem is to separate the good ones from the bad ones. That is where comes into play.