Times are tough right now and when times are tough you have to make money in any way you can. One of the things I do to make a buck besides blogging is domaining. Think of domaining as investing in "virtual" real estate. I buy domain names and develop the website and place Google AdSense ads on it. I build up the traffic to the site and get ad money from clicks on the ads, typically up to 3% of visitors will click on an ad. Depending on what the content of your site is about you can get like $0.10 a click or even upwards of $3 per click.
If you are interested in buying domain names I strongly suggest you use 1&1 to register the domain name. Prices are typically $10 a year per domain name but at 1&1 you can register your domain name for only $8.99 and if you catch a deal you can get it for $6.99.
New! Just $6.99 .Com Domain from 1&1. Free privacy included. Free Site builder + email.