There is a domain name I want and the only option I have is to “Backorder” it for twice the price of buying it. What does that mean and should I do it?
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Probably means that somone else has already bought that name. The doubled price is probably a service charge.
I’d pick another name that is close and live with it.
It puts you on a waiting list so that if the name is ever available in the future you will get it. Of course there may be 10 other people in front of you on the list . . . . . . . . .
Do it if you want it bad enough.
Back ordering a domain name means that you pay for the domain name upfront, and once that domain name expires and it’s placed back into the public domain pool, it’s very possible the back ordering service will get that domain for you.
However in saying this, if the domain name is a great name, you can expect other people to also have possibly back ordered that domain too. And then it’s on a first come basis.
I’ve successfully back ordered a number of domains and I’ve been surprised I’ve gotten every one of them.
To the domain name owner, generally they forgot to pay their bill; they no longer want the domain, or they changed their contact own information for that domain, like their email address, and thus don’t even know they’re suppose to renew their domain.
Registrars often will give a redemption period after the domain officially expires in case the domain name owner does come to the rescue and pays the renewal fee.
Lastly, you might want to also see if that domain name you want has the . net and . org extensions available too. If yes, buy them!
Good Luck!
If the backorder offer is coming directly from the registrar it means the name is currently registered and not available. The registrar will put you on a waiting list if and when the name becomes available. Probably a waste of money.
A simple way to check the expiration date of the domain name is to do whois search at http://whois. sc there you will see the expiration date of the name. If it’s months away forget about it.
If it is already expired or close to expiring you can backorder the name through a domain name drop catching company such as http://NameJet. com / http://SnapNames. com or http://Pool. com. They will charge you only if you get the name.
The fee is around $60 or $70 depending on the company.
The downside of this is; more than one person can backorder the same name. If this happens the name is placed in a private auction and the winning bidder gets the name. Even with the auction you can get good names at decent prices. Don’t be intiminated if you really want or need the name.