Domain names buying selling and building on.

I can't begin to tell you how important a good domain name is.
Some people make a decent amount of living out of trading domain names, spending hours trying to find something thats not only short and catchy but sellable!

I myself have a portfolio of names. Some of which point to sites, some of which I hope to develop into sites in the future and some which I have bought purely because I believe I can sell them on for a profit.

Look at these domain names and the amounts they sold for:
Business.com was resold in 1999 for $7.5 million
sex.com was reported to have sold in 2006 for between $12 / $14 million US dollars

I haven't made anything like that but it goes to show that domain names are big business.
On several occasions I've sold domains that I've paid £1.99 for. For varying amounts between £250 and £750. Returns that I am more than happy with.

It's not anything that's going to allow me to retire but it's a nice bit of pocket money from time to time.

If you are wanting to buy domain names in order to sell them then you're going to need to find something that stands out from the crowd.
There are quite literally hundreds of millions of domains already registered, and to find good ones is not so simple anymore. Get yourself a thesaurus, think of a site theme youy want to focus on and start searching. The chances are 99% of the domains you try will be taken.
Combinations of two or three word domains without hyphens are your best bet these days.
I bought www.gettingpersonal.co.uk and www.ratemyface.co.uk some time ago and made over £1,000 profit selling them on.

Once you've found the name you want and have registered it you have