Most people are familiar with the idea of “house flipping” – buying a property in disrepair, refurbishing it, and selling it for a profit.
Now en vogue is the similar concept of “site flipping.” Investors buy websites suffering from poor design or other problems, then fix them up and include advertising before selling them for a typically modest profit. According to the NYTimes article, the average selling price for a site on eBay is $78. These entrepreneurs generally focus on niche sites, “with high search volume and little competition.”
