In the world of business investors are always trying to find new markets to tap. But, individuals today are sitting on a gold mine without knowing it. Domain names are a hot commodity and if the name is right some are willing to pay top dollar.

In 2004 3,813 names were sold for a total of $15 million. In 2005 those statistics jumped to 5,851 domain names being sold at a whopping $29 million. Now, imagine what three years has done. This is a growing business with much more potential. You may be sitting on a domain name you parked that others would be willing to pay top dollar for. And, the sell of domain names can be done independently with no to little effort.

In some cases, potential buyers will contact owners of domain names themselves. They will do this without knowing if the name is for sale or not. If interested, be sure to check out the company or individual and the price they offer is a good starting point.

There is money to be made in domain names. One individual bought a domain name for $7 and sold it a month and a half later for $1000. It is easy money and fun. Be sure to research those involved in the transaction though, whether it be a broker or individual or company purchasing your domain name.