How do I backorder a dropping domain on NameJet

To backorder a domain on NJ, head to their homepage, key the domain name into their Search box (top), and hit the "Pending Deletes" tab on the Search Results page.  Check the box next to the domain, select "Backorder Selected Domains", then click Backorder Now and OK.  NJ mandates no upfront charge for placing backorders.  If NJ successfully captures the domain and it turns you were the sole backordering party, they will bill $69 to your credit card on file and transfer the domain to a designated eNom account for your management pleasure.

If multiple individuals had backordered the domain on NJ, a 3-day private auction will ensue among all backordering parties should NJ successfully commandeer the domain name.

You should time your NJ backorders delicately as backordering a domain on NJ immediately thrusts it to the top of NJ's "Expired Domain Name" list, directly accessible from the homepage, drawing attention (and, almost always, more bids) to that name:
http://www.namejet.com/Pages/Auctions/PendingDeletions.aspx

Therefore, if a domain has no NJ backorders yet and you plan on placing one to optimize your chances of capturing the name, you should absolutely wait until 15-30 seconds prior to NJ's backorder deadline (12pm ET for .COM/.NET domains) before hitting that "Backorder Now" button, and even then, place only the minimum $69 backorder.   This last-minute "backorder sniping" naturally leaves other users insufficient time to join as backorder competitiors.  Because suprisingly few domainers exercise NameJet backorder sniping, you can apply this method to score some excellent bargains.

If a domain has already been NJ-backordered, of course, there's no harm in you jumping on the bandwagon at NJ's $69 minimum backorder bid.  This scenario obviously precludes sniping.