for starters i would look into purchasing a domain of of someone here at namepros. YOu can get domains really cheap here for as little as 15 NP depending on the seller, and the potential value of the domain.
Then i recommend you devolope a small minisite to go with the domain, rather than using a parking service. Make sure the minisite contains unique simple services that not many other sites offer. Parking services charge a commision on your revenue, as adsense does not. An example of a minisite can be found here.
www.mslive.us .
Once you have completed that step, you should now begin to promote your site. Get some affiliates or so to drive traffic, maybe add a link to ur sig, namepros has personally helped me go up in page rank, and find alot of potential users.
If your goal is to sell the domain, i wouldnt attempt to sell it until you have established your site, and some revenue. Selling your site at this stage could boost the value of the site / domain by almost 70% +. Remember, do not attempt to sell your domain for anything less than 11 months of revenue.
These are the steps that i usually follow, and have been really sucessful with them. I hope you are too. Infact remember how I mentioned that some users sell domains for as little as 15NP, i suggest you make a thread in a forum, stating that you want peoples old domains. Youd be suprised how many people will donate domains to you.
Rep is Appreciated!
- Ray