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James has the basics. My suggestion would if you are choosing A, to find out if anyone in the ink world, ie retail product (tatoo artists, etc.), manufacturing, or end user areas would be interested in purchasing it for branding for their product or company.
If you're choosing B, set up a quick hosting site, add some domain parking advertising, and then put it up for auction. Set your buy price at 5 to 6 bags, and lower it to 3 bags if it's a BIN price.
Definition of a bag... $1.00 is 1 bag which is the cost to buy build or make the widget, $5.00 is 5 bags. It's a Motley Fool stock reference. If your domain cost 10 bucks, then an auction price of 100.00 is 10 bags. For the % challenged. ;-)
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