For the beginner, I think site flipping is far more viable. With domain flipping, you really need to know what you're doing, and you also have to accept the fact that you may not be able to sell every domain that you buy, and this brings up the ugly truth that you may need a fairly substantial amount of capital for domain flipping in order to start turning a decent profit (since not every domain you list is going to sell.) The flip side is that once you have built up a buyers' list for domain names and have a good reputation in the field, you'll be able to get repeat business and generate profits quite easily.
I think the overall consensus is website flipping. Less and less people are willing to pay for a blank domain nowadays unless it's a very attractive keyword. Website flipping on the other hand seems much easier. When the site starts making revenue or you grow the revenue then just sell for the appropriate multiple of earnings.
Website Flipping is easier than domain flipping art because domain market has become saturated which make difficult to find a good domain name for flipping purpose. However you can make good money if u will flip a website and it will have some revenue which means u will get money in ur pocket easily.
i think more easier fliping site compared domain flipping,may be need alot time for domain flipping shortly to complicated for domain flipping
Site flipping is probably easier nowadays because all the good domains are being taken. If you can generate some revenue for a site, then you can get good money up front from flipping it to site buyers who are looking for a long term investment.
my opinion is be awake. Iphonegames.com sold for thousands only after few ears of registration. Keep an eye on new trends and try to catch the biggest fishes swimming by