On Tue, Jul 29, 2008 at 1:52 PM, Dean Collins <[address removed]> wrote:
> Great article in the NY times.com about flipping websites
> 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.
> Mr. Hermansen, 30, is among the latest wave of entrepreneurs who, like the
> day traders and real estate investors before them, are looking to make a lot
> of money without much effort.
> More here
> Anyone know of any other Web Site Marketplaces apart from
The whole, affiliate marketing + SEO + PPC + site flipping world is
cutthroat as hell. The guy in the article flipped bird-cage.com, only
to start innovativecages.com. Now that he has his 170k, he is now
probably getting all the affiliates to dump bird-cage.com and switch
to innovativecages.com. The person that bought bird-cage.com probably
also didn't get access to all of the PPC marketing that worked.
Unless you know what you are doing, beware.
What is funny is that these guys got a free backlink from the times.
That link alone is probably worth $10k+ to a niche retail storefront.