I came across an interesting article in Fortune on domain flippers, which definately put a glamorous spin on domain trading.

It started last September, when he paid $620 for the Internet domain name qsd.com and, two weeks later, sold it for $12,000 to a fellow domain trader, or “domainer.”

I wish it were always that easy! Another article on domainers from about a month ago from Entrepreneur.com is a little more balanced in terms risk vs. reward.

While it’s inexpensive to enter the domain business, you’ve got a steep
learning curve and immeasurable competition. You also have a perpetually
shifting market to follow.

Now that sounds more like it!