This is the business to purchas, sell, develope and making money from domain names. A domainer purchases many domain names and sells these to interested buyers. This is similar to real estate investing offline and domainers also make money by developing websites and reselling it to a buyer. This practice is known as site flipping and can make you a tidy sum of money if you know how to build an attractive and profitable website. For a rough estimate of how much money you can earn from site flipping, check out the SitePoint Marketplace to browse through the collection of websites for sale.
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