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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.
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. 
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