Do people actually make money on this shit?



It's pretty simple. You buy 100,000 domains that may have some value then list all of them for $500-$5,000 depending on some other algorithmic signals and even if only 1% of them actually sells you more than make enough to cover the others that sit unsold forever.
 
Website prices can be funny as well.

This listing on Flippa is good for a laugh. Been listed 6 times now. Minimum bid of $300k, bin is $1.2m. Best part? "No revenue or traffic claimed".
 
Names are very valuable especially if it is your company's name.

A more real life example would be the price of your wife or girlfriend, she can be priceless to you, but to us she just another ho. Get at me.