Now, flipping web sites

Real estate property flipping has been common. But now, since the real estate has moved virtual – there are enough people flipping web sites!

The modus operandi is pretty simple. Find a web site that shows good potential – content, niche, audience – but lacks good design/style/platform. Take the site and upgrade the design or do other changes and get the traffic up and visits higher and then just sell. And guys it can be very profitable as well!

Dave Hermansen did not own a bird or a cage when he bought bird-cage.com, an online store, for $1,800 three years ago. He simply saw a Web site that was “very, very poorly done,” and begged the owners to sell it to him. He then redesigned the site, added advertising and drove up traffic. Last December, he sold it for $173,000.

I believe it.. as I can see a lot of sites that could have done better with a different design or on a different platform that the one they are on!

Btw, have any one of you done such a thing – i.e.; flipped a web site? If you have, can you share your experience?