If you badly need a domain name that has already been taken, do not sulk there since it's still possible to own it through an expired domain registration. Of course, this is unlikely applicable to functional domain names since the owner is probably planning to renew the registration anyway. You can however anticipate expired domain registration of domain names that are inactive or have no functional website since there is a probability that the owner does not intend to use it anymore. An expired domain registration will be made available to the public after a grace period of about 40-60 days, but somehow the former owner still has a chance to reclaim the domain. After the grace period, the domain is removed from the registry and is available again to the public.
The chances of you acquiring an expired registration domain may vary depending on the demand of that domain name. If you are aiming for an expiring domain name that is quite obscure, then you can just wait for the domain name to expire and become available again in the market so you can just purchase it. However, aside from purely personal reasons, it would'nt be sensible for obtaining an unknown domain name for your website since it may hinder traffic to your website.
For the time being, owning an expired registration domain that is quite common or mundane and has a lot of potential can be quite tricky since many people would be interested in the same domain name. In the age of the internet and these â€œcommonâ€ domain names are highly-prized for their large potential to drive traffic to a website which is why domain names are considered assets for any website. These â€œcommonâ€ domain names are precious commodities that are hard to come by in this world where there are so many websites. Therefore, if you want to have an expired domain registration that you think is a winner, you have to exert extra effort in order to win the competition.
A good move would be aquiring the services of a drop registrar. These companies utilize automated software to send up to 250 domain name registration requests, to ensure that you will be the one who will own an expired domain registration that you want by the time it becomes available again.