First, you need to buy a domain, preferably a .com and as short as possible. We recommend using GoDaddy for the registration because their prices are incredibly low.

Tips for choosing a domain :

- length : it must be as short as possible but it should mean something not like kjs.com

- extension : preferably a .com or .net because the other extensions are worth less

- traffic : its good if it already has traffic and links to it

- keyword : some keywords are worth more than the others ex : casino

Then, you can either park your domain on a parking program like Sedo or develop a website on it. If you decide to develop your domain, make sure you have a good webhost, a good design and good content. If you have a cheap host, you may have a lot of downtime or a poor technical support. In the meantime, you can list your domain for sale on some websites. Sedo also offer that kind of service.

Finally, you sell your domain or website to end-user or to another domainer. The buyer will probably ask for an appraisal from an independent firm that make sure you sell it at the right price. End-user will often offer more than domainer but they are harder to find.