I used to participate in domain drops religiously. Now, I might scan the lists just every so often. Drop-catching is a skill. And requires the use of good judgement!
I was dumbstruck the other day as I hopped from one drop registrar to another searching on a few select keywords. I saw huge, massive, enormous lists of expiring domains for some of the worst keyword combinations ever. My first reaction was “WHAT ARE PEOPLE THINKING”? I could not believe that people had chosen these domains to register at one time or another. That they were being dropped was really no surprise.
But then I paused to think about all the new, budding domain enthusiasts who have just discovered the domain industry within the last 1-2 years. “Domain fever” is what it’s called. I had it once, and recovered … thankfully.
The other consideration is that you, the veteran domainer, probably have much more knowledge than you realize based on years of trial & error, research, analysis, and actual business experience. I take for granted how much I know, and have stored away in my aging memory banks. Sometimes speaking to young people, their relative inexperience comes through immediately and causes me to pause. Which makes me feel a little old.
Back to the topic. If you are new to domaining, then you are likely excited about the many possibilities you have read about in the domain world. I will suggest to you that you not get in a hurry. Commit yourself first to learning about the industry. Learn to crawl before you walk. And then examine your options. There is no undiscovered pot of gold out in the middle of the desert waiting for you.
DO NOT go wild hand-registering large numbers of domains with your credit card. You will regret this. Be selective in your choices. With time & self-education, you will be much better able to invest your money, and not throw it away on an ocean of bad domain names. It is better to have one true quality domain name than 20 domains with no viable future.
Protect your money, protect your investment. With knowledge & good decisions. Build your domain empire –> one domain at a time!