Flip This Site

My wife Kris is a fan of the Flip This House television show.  Now if they'd make a Flip This Site show on the Geek channel (also sadly not currently available), maybe  I'd have a bargaining chip — "I'll watch your show, honey, if you'll watch mine!"  A recent NY Times article details the opportunities in buying under-developed Web sites on the cheap and with fairly little investment turning them around for a big profit.  The story begins: "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."

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