You can make money by purchasing and reselling domain names and there is an entire industry of domainers that make a living from this practice. However, the single most common misconception is that a single domain name will make you rich. While some domain names have sold for very large sums of money and a few have changed hands for over $1 million, well over 90% of names offered for sale never find a buyer.
This is the reality that most domain name owners often forget: unless a domain name is truly exceptional or otherwise desirable, it may never sell in the aftermarket. At the same time, most domain name owners place high, somewhat unrealistic prices on their domain names, which encourages the perception that all domain names are valuable. It’s important to keep in mind that most of these names are failing to sell at the prices asked.
You can make money in the domaining industry, and as a matter of fact, many people do. The key is to study the industry and invest wisely. As with any business or investment, it requires a tremendous amount of research and work to be successful.