The problem is that it costs almost nothing ($150-180 over 10 years) to keep it registered vs the anticipated payday from selling it (over $9000!). A former fr

The problem is that it costs almost nothing ($150-180 over 10 years) to keep it registered vs the anticipated payday from selling it (over $9000!). A former friend has been doing a ”trick” for a few years with godaddy domain auctions. He finds a domain that is quite good on Godaddy auctions whos registration is expiring soon (most people set the auction end date to when it expires) and uses a back order service or two to capture it if it were to expire. Using one of a number of alternate fake Godaddy accounts, he bids absolute bonkers amounts that he has no intention to pay for. When the auction ends, he ignores payments demands, the next guy in line won’t pay their bid because they’ve already moved on. Domain expires without a winning bid, owner doesn’t notice that it wasn’t paid before it gets released. His backorder provider will then snatch it up. He’s made about $50,000 from reselling domains he got for cheap this way, even though it costs his about $1000 per year to maintain all these accounts. As scummy as it is, his rule is that if it doesn’t sell during the next two registration years, he will let it expire.