Internet Marketing Brainstorming!

Well, as usual took some time to test out a new income source that I’ve heard about but never got into. Just seemed like too much (manual) work. But… upon discovering a simple breakdown of the basics I looked further into it. Especially with the intent of passing it on to friends & fam, this one appealed to me because it seemed fairly simple:

Purchase domains. Sell them on eBay to the highest bidder. make a profit.
No heavy lifting no postage, just domain names. However, the devil is in the details. So I went ahead to try and automate as much of it as I could. And I got as far as registering a list of expired domains in order to sell them.

In my first initial test, I purchased about 15 domains for about $100.00 Sold them for about $117 - before ebay & paypal fees. So I just about broke even. Best part is you can have money sent to you within a few days of listing your auctions on eBay. Worst part is you can buy some domains that sell for less than what you paid for them. Still a work in progress, but…..the hardest parts (finding & registering expired domains) has been automated. The account registration & listing of auctions is next, but I wonder if this might be a little too manual for friends & family wo haven’t had much experience with online stuff… after the way the article income project fizzled, I wonder about developing an automated system… because fact of the matter is a lot of judgment is still required in order to make it work. We’ll see.