More than just domain names, but rather full websites are sold on Sedo and eBay daily!
And on the other hand firms like WhyPark offer to build whole websites around your domain names. Complete with affiliate marketing links, and content that is constantly new! All they ask in return is a percentage of the advertising revenue generated.
Hence this strategy involves buying websites on sites such as eBay, refurbish them with new content, optimize them for search, and potentially reselling these sites in a few months for a higher price.
Some more details here: How to Flip Websites
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