There is no shortage of money to be made online. Sure, we've all heard the horror stories from the Dot-Corn Bust that took place shortly after the turn of the century. But the Internet is here to stay, and there are plenty of websites that are making millions of dollars each year.

There are also lots more websites that are making smaller profits. Some are bringing in six figures, and others are making revenues equivalent to the average working man's salary. And some bring in anywhere from pocket change to a few hundred a month.

Some see websites as long-term investments, envisioning the creation of a Web empire such as eBay or MySpace. But a growing number of Web entrepreneurs are turning to domain flipping to make money online. It is a sound strategy that offers low maintenance and high profits, while serving a market that shows no signs of slowing down any time soon.

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