Buy 3 .info domains at godaddy and re-sell them at a higher price. Make sure you get great name for them.
Buy an info domain, put up a proxy site (free), get some hosting ($8 a month I think), and submit to proxy topsites. You'll make back like $15.
I didn't think most hosts allow proxy sites, and i'm not sure how i'd get it free. Then how would i make my money back?
Buy a domain( .com), get some cheap hosting, build a decent website and flip it. Trust me, thats the best advice you're gonna hear today
I suggest you to start a blog... register a .com domain and go for a cheap hosting... if you need I can offer hosting....
There is this guy in the Buy/Sell/Trade forums selling a ready made proxy site and 1 month free hosting and submission to topsites for $5. Use that, and you can even make 2 if you want.
Here is the link: http://forums.digitalpoint.com/showthread.php?t=371943 And you would earn money back from Google Adsense. It could take you a while to earn your first $100 though, so the check might take a while.