Currently, there are many people specializing in digital domain trading. To succeed in this market, it is necessary to have quick thinking and agility when searching and registering addresses. In many cases, it is also necessary to exercise patience, because the financial response does not always come with the speed that is expected.
All you have to do is pretty much check whether or not the domain name already belongs to someone else. Also make sure you check if the site already has content, and if it does make sure everything is ok with the content.
Is ethics necessary?
Many end up being charmed by the idea of making easy money and forget to be ethical when registering domains. One example: there are many people who register Brazilian domains of US companies before they come here. The domain is stopped until someone decides to buy it.
The black market for domains
Because domain registration works on the "who picks first, leads" scheme, there is no legal impediment in buying generic names to sell them later. In fact, it is not even forbidden to register domains with brand names or companies.
Doing the Right Thing
If you are interested in this market, go to domain auctions or use creativity to register a good name. If you want to buy domains that are already registered to start your site, search for the owner of the address and pay for the transfer of the domain. There is also the possibility of buying the whole site with all its content.