You can use the name to sell beards Oil or any of the related products on Amazon or Ebay. You can publish a blog on Beard Tips and earn money from adverts - adsense and direct advertisers. You can set up a shopify store to import and sell Beard care products from China, You can dropship Beard products. You can use this name to sell or do an Amazon business - Associate or FBA. A manufacturer of Hair / beard products ( e.g. Shave and after shave lotions, Hair remover, etc) can use the name to sell their products. There are in fact many uses for this name. You just need to use your imagination.