Domain drop catching allows individuals or businesses to acquire valuable domain names that were previously registered by others but have lapsed.
Instead of bidding on a domain through a traditional auction or negotiating with the current owner, drop catching can be a more cost-effective way to obtain a desired domain.
Domain drop catching can be a business in itself, as companies specialize in monitoring and registering expired domains for resale or leasing.
Some argue that domain drop catching may be ethically questionable, especially if it involves exploiting the lapse in registration by the original owner.
In some cases, individuals or companies may engage in domain drop catching not to use the domains but to hoard them for potential resale at a higher price.