It is not difficult to make money with expired domains. You can buy some good names and resell them, or you can put advertise on each one of them and earn a lot of cash, or again you can make them all backlinks for you major site.
The link below take you to read a post about a simple methods to find good domains available for registration, without recur to auctions or offers
Link: http://www.prcodes.com/edu-how-to-find-good-expired-domain-names.html
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