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I won't be going over the whole process but here's thing in nutshell that you want:

  1. You build a website: a wordpress/blogspot blog or a standalone website.
  2. Add unique content to it to make it standout.
  3. Garner visitors via different means; spreading the news about your site or buying them.
  4. Monetize the website via ads, cpm, cpa, affiliate marketing, etc.
  5. Auction the website/domain when you no longer need it.
 
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