What is domain flipping?

Many people claims that they are making thousands of dollar online just flipping domains. I don't have much information about it. So can anyone here explain what is domain flipping to me? Also how one can make money with it. Thanks in advance.

Domain Flipping is the process of buying a domain or website, fixing it up and selling it for a profit.
Before selling the Domain name in flipping process,You estimate the Cost of the Domain name by getting the Domain Name appraisal , You can know the worth of your Domain name by getting the Free Domain name appraisal at http://www.zippozap.com You can get the Domain name appraisal Multiple Domain name there..

Flipping domains requires dedication, speed, time and money to turn it into a profitable business. Take the time to look for viable domain names and don’t diddle-dandle around fretting about spending the money to purchase them, for tomorrow they may be gone

Website flipping is just like painting of restructuring of your home that is already constructed. It means, bringing change in domain according to the requirement to make it attractive will be called as flipping. I can provide you many easy ways to make money online but for this purpose, your domain should be attractive. I think you got my point.

Domain flipping is where you purchase a domain, and add value by increasing the amount of traffic to it. Then you sell it on for a higher price.