The Idea:
Make money buying and selling domain names.
How it Works:
Buying and selling domains is big business and people specialize in different areas. The easiest way to become a domaineer is by buying domain names associated with new trends, products or services and selling them for a profit to companies that sell that product. You can also find domain names that are about to expire and buy them from the owner or put in a request to purchase the name should it not be renewed.
How Much Can You Make:
Domain names can sell for a few dollars or thousands of dollars. How much you make depends on how good you become at choosing domains that will sell and marketing them to the people who will pay for them.
More Information:
For more information on becoming a domaineer, start by buying and selling domains on registration sites like:
1 & 1 Internet
and
www.GoDaddy.com