There is good money in flipping domain names, but it does take some work. The first thing you need to do is find a domain to purchase. This is not a hard job. You use the tools Google provides and you find keywords that have good traffic and buy a domain containing the keywords.
Once you have the domain, you can just re-sell it, but the profit margin will be slim. It’s much better to add value to the name before you try to sell it. This is not an onerous task.
Read the whole article at The Great Ideazine.