Buying and selling domain business is profitable but it takes time, effort and patience as well. Here are some important points to keep in mind before initiating this business;

1. Check availability: First, you need to check whether the domain name you want, is available or not.
2. Work with a trusted provider: Try to work with a reputed domain registrar like Globehost.
3. Research the market: You have to work on people's demands before purchasing domain names. You should know which domain name in the future will create the hype.
4. Choose a focus area: Find an area of interest. You need to be familiar with people working in the same field.
5. Find valuable names: You can purchase unique domain names that can pay you well in the future

6. Keep track of your finances: Tax will be applicable on the sold amount of domains. So, you need to maintain sale and purchase records.