This happened to me a few weeks ago and is something you should always keep in mind. It was a mistake on my part and something I think we all could learn from.
If you don’t know the process of domain expiration, we break it down in our own way here.
When a domain name is expiring, you are given the chance to put a bid in an auction format and potentially win the domain name for yourself.
This is what I did via a Dynadot expired domain name auction.
I won a domain name for a GREAT price in my opinion. I was very happy with the purchase, so happy that I went on the Namepros forum and revealed what domain name I had just won at auction.
There goes my mistake.
You see when you win an auction, you don’t technically “own” the domain name yet. The original owner still has a certain window of time to renew the domain name. If they do, the registrar will either give you a refund or give you credit towards your next purchase.
But in a nutshell, you don’t own the domain name anymore.
I should have known this. Maybe I had a little to many rounds of Gin and Seltzer (w/lime) and didn’t realize I should have waited until the domain actually went into my account.
Now I can’t be 100% certain that the original owner saw me post the acquisition in the forum, noticed that they owned it and renewed it. It’s possible but I can’t prove that.
What I do know is if you win a domain name in an expired auction do the smart thing and don’t do what I did. Instead, wait for it to go into your account no matter how many days it actually takes. Then and ONLY then do you share your new acquisition if you choose to.
Has something like this ever happened to you? If so, let me know in the comment section below.
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