New idea to make money ... according to the current issue if Business 2.0 -- very easy money. Buy and sell existing websites ... not just a domain-name play, but spot the potential of an existing site, rehab it and increase traffic, and resell it. At onsitepoint.com., for $10 people can list sites for sale or aution them off. Demand has soared. In April, they added 400 new sites, growing 25% per month. All sorts of sites are available ... blogs too. The key is to understand what you are buying ... check their Google ranking, and Alexa.com etc. Check revenue stats and scan message boards for their credibility with users ... and build a plan. BUILD NEW VALUE into the site ... Example ... 411hype.com sold last August for $1,000, and resold after a refurb and accompanying customer increase, to $13,500 ... not a bad profit margin.... excluding the new ad revenues from Adbrite, Yahoo, and CasaleMedia ... revenue of apx. $1000 a month. This exmple was completed in 6 months, by a high school senior. How much is your site worth?
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