I don't think that this is going to be that profitable. First off you have to find misspelled domain names that are not taken that are on a highly searched site. Probably not easy to do. Most big companies will buy the misspelled domain names when they buy their normal domain name.
Also, if a person types something into Google search, if it is misspelled, it will give you the correct spelling, such as: searching for "dog house" and you enter "dog huose" it will say " did you mean dog house?" This eliminates a lot of misspelled domain names from every being clicked on as well.
I have heard of affiliate marketers buying a domain name that is very, very close or a mispelling of the product they are trying to sell and then basically having a redirect on the website to the correct one with their affiliate link so they get credit for the purchase. Not sure how much they actually make on these though.
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