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I will briefly discuss four main reasons why you might want to search and register expired domain name.

Thousands of available names.

The first but obvious overlooked fact is that thousands of names expire each day. With the economy in the brink of a recession, thousands of businesses and entrepreneurs have been forced to either close down or abandon their plans and ambitions. This includes their online activities.

As a result, most of the domain names that were previously owned by such businesses and entrepreneurs have not been renewed and continuously became available for renewal as expired domain names.

As a consequence there is a large pool of expired domain names that you can choose from.

Page Rank.

As you very well might now, you can register a domain name for a given time span ranging from one year up to a maximum of ten years. Within this time span most domain names gain a number of links pointing back to them.

Depending on the promotion level or natural nature, some of these expired domain names may have gained a given number of back links. The more links and the better the quality of this back links the higher the PR for the domain name in question.

You might want to register a domain name with a higher page rank to help boost the amount of organic search engine traffic it attracts. You can use the following tool to check for the page rank of a domain name.

Traffic.

Depending on the previous owners activity some of these expired domain names that have been in existence for more than a year are most likely to be generating their own direct and search engine traffic.

Even though the domain name is expired, you might be surprised at the amount of traffic they still attract and command. You can use Alexa traffic tool to check for the traffic level of an expired domain name before you buy it.

Qualities of a good domain name.

Lastly, some of these expired domain names already posses all or a mix of what makes a given name to be considered a quality domain name. You can read more about the qualities of a good domain name here.

In conclusion therefore, before you register a domain name, you might want to go through the list of available expired domain names to search and see if you can find a name with all or any of the four characteristics we have discussed above. You can read more on how to register expired domain names