There are many ways where you can go to find good domain names that come for sale like afternic. But you got to constantly look for the good ones. More so often the owners don?t want to reveal that their domain name is for sale. So you got to maintain a lot of contacts who can bring you the news about the great domain names for sale. When you buy the domain names, be sure to transfer the name immediately and create a website for it. You can park these domain names and make more money through redirect traffic as well. Don?t pay the asking price try to get more details on how long the person has owned the website and whether it is listed in a blacklist. This is critical blacklisted domains are cheaper as they take time to heal. Also you may don?t want to miss out the domain names which have good websites that has been drawing traffic. The other important factor to look for is the pagerank of the website the higher the PR the more valuable the domain name is. You may also want to make sure they are listed in search engines. This will ensure you can have some good free traffic while you work on the business model.

There are many additional factors that determine the value of the domain. But there is the additional perceived value for a domain name that when factored in will either diminishes or increase the value. The rough equation for looking for domain value is
(Domain Name quality) + Page Rank + SERP + (perceived value) + current relevance
You got to understand the last factor as well. The domain name may be a hot cake now or in some yesteryear and the search engines give it good placement for keywords for thing that were popular like John Kerry a few years back now it doesn?t have value. So make calculated judgment and be a good businessperson while negotiating. Take into consideration how important the domain name is for your long term business aspirations and its short term value. You should also take into consideration the investment potential.