One of the simple, and probably rewarding, tactics to earn money online is by 'flipping' websites. This idea is the same as when a backer will buy a place, fix it up and turn around and sell it for a good profit, the only difference is you're doing it all in the virtual world, on the web. You may first find a domain name for sale, purchase it, put up a simple internet site and chill out and wait for a few weeks or months, then sell your website for a nice small profit. While this is a reasonably straightforward concept there is, of course, a little more to it. It's unlikely that if you purchase the domain name 'Jim Smith' you're going to get many of us who would wish to pay for it later on. It might be anything from cat toys to coffee makers.