Domain flipping is the process of buying URL names at a low price and selling it later at a higher price after increasing its value, to increase its value you need to make it by known by so many people, the more traffic your domain name has the more important it will become. To make good money from domain flipping, it must be short and keyword related, that is a name that is relevant, also it must be short and memorable, so that people will want to buy it since their visitors can always come back to it easily, if it is short and memorable it can not be forgotten.
To make money from domain flipping, first you should get a credit or debit card, or even a PayPal account and then register with a name company, once you are registered you can now go ahead to buy your names, I recommend you use name cheap or other reliable registrars. After buying your URL name you should now drive traffic to it, you can buy a one for eight dollars and then drive traffic to it, then the next day you can list it for sale, most times if you have a good domain, you will be able to sell if for a minimum of $50 after 24 hours of listing it.
Domain parking is a process of monetizing your domain name with adverts, there are so many parking sites, some of them can only accept you if you have a certain number of names, but the best is the new Google AdSense parking program. So all you need do is buy a good domain name that is related to the niche you are targeting and then re-direct it to the parking company name server. after this you can now add your adverts to your URL name, some parking company are better that others because you can use them to park your URL name and it will look like a website.
After buying these names, you want to flip or parking them, you will need to increase the value so it can sell well. You can create blogs and include your domain names in your content, by referring your visitors to them for more information. Also you will be requested to provide some keywords when parking them or use the default keywords, do a research on high paying keywords and use them. If you really want to make good money this business you should have more than 20 parked domain names. To get more visits you can use email marketing, auto responders and search engine submission.