Domain registrations have just broken 50 million mark and this week there were another 10 domain names sold in $10,000 to $50,000 price range.

There are billions of websites and thousands more popping up each day and they all require a name. As competition on Internet intensifies, more and more people are actively looking for a quality domain for their site. Unfortunately for them there are already over 30 million dotcoms taken, which often times leaves webmasters with two choices. Settle for a long unpleasant looking domain or spend thousands to purchase a quality one from a private owner. Examples of few most valuable domains ever sold are:

• Business.com sold for $7,500,000
• Casino.com sold for $5,500,000
• AsSeenOnTV.com sold for $5,100,000

Exceptional domains are obviously worth a lot of money, but what good does that do anyone now? Here is where expired domains come into picture. While there are over 20,000 domains being registered each day, most people don't realize that there are also just as many expiring. Many times their owners don't realize how valuable domain is when they let it go. Because of this, it's not uncommon to hear about a user grabbing an expired domain for $20 and selling it for 100 times that.