Some days ago i bought the domain Gotagy.com on Godaddy Auctions for $220. The problem is i don't like the name anymore for my business. How much is it worth for you?
First rule of business - make a business plan before you spend money. I reckon you'll be struggling to make half that. Put your thinking cap on, come up with a unique business idea, launch it and sell the lot as an operational business.
Well the thing is i made a business plan for it. I have already started a business with just $70 and gained 2 times that money in 2 weeks, so i'm experienced. I just was awfully stupid to take that domain, seeing it was short and easy to type and say. But i really dislike that name.. I'm in the process of starting another business similar to Reddit, but GoTagy wouldn't be a nice name in the long term.
Atleast you can sell a profitable site rather than just the domain - makes much more sense. Sounds like you've allowed yourself to be distracted from your #1 goal though. When you are "established" you'll be able to sell the site here, or over at SEDO or whereever.
I wasn't suggesting that at all. If you have built a profitable site on the domain then you should capitalise on it and sell it through the regular channels.