Uncommon Business writes about flipping websites and shares some good advice on improving and reselling web properties:
Last August, Jones paid $1,000 to buy 411Hype.com, a website about all things hip-hop. He beefed it up–added some forums about fitness and health, for example–and managed to boost traffic by a couple thousand unique visitors, to 7,000 a month. Then, in late March, Jones put the site up for sale on a marketplace called SitePoint. He was bombarded with offers, quickly closing a deal for about $13,500. “I spent less than an hour a day on the site,” Jones says.