Good time to sell a web site

Did anyone see the article in the New York Times about web site flipping? It was picked up by a bunch of other major newspapers as well.

I personally think that this could cause a brief rush of web site speculators and if so, that would make it a good time to sell a web site.

Here's the link:

http://www.nytimes.com/2008/07/29/technology/29flip.html?_r=1&oref=slogin

 

Good post, thanks.

 

Thank you! Hope it helps.
The thing is, of course, that the article makes web site flipping sound waaay easier than we all know it is. But it could be beneficial to site sellers, because there will be more buyers for a while.

 

Flipping! That's what It's called.

 

Well look who's late to the party. I swear, it's like we're on the island in Lost or something. There must be a time differential between us and the mainstream media.

Looks like it might be a great time to list stuff at SitePoint and Ebay.

I love how they focus on the bigger flips and then say:

"The average selling price of Web sites on eBay was $78 last month. "

That's because they're almost all CRAP!

Anyone who's smart will link to that NY Times article when selling and use some of it as juice.

 

Next will be a Flipping Websites for Dummies manual, followed by late-night infomercials of "millionaires" pimping their $5K "How to Get Rich Flipping Websites" programs.

 

HI

I also saw the article and I am now going to look at selling one of my sites.. with a great .com it makes 50-80 month for the past 10 months and I will try to get 10x monthly rev to see if this works.

Then I will re-invest to make another site to sell

Tom

 

Where did this “flipping” come from?

Flipping homes, real estate, websites, sounds like some cheesy become a millionaire infomercial of ebook.

The article will probably send some buyers to ebay who will probably buy a bunch of $100 junk sites and a copy of Dreamweaver and never figure out how to use Dreamweaver and sell the sites next year for $40.

 

Thanks for the heads up, sounds like it's time to sucker some noobs into buying dropped domains off me

 

Flipping homes is common real estate lingo. They just applied it to Web sites, because sites are virtual real estate.

 

The article makes it look like you're going to be able to buy something for a few hundred dollars and flip it for hundreds of thousands. Or millions.

Oh, and I have some lovely Florida swampland I'd like to sell you.

The thing is the reason those few anecdotal stories made it in there is because they are highly unusual, unique, different. But the general public is going to see that story and go "whoa! Instant riches with no effort!"

Which is fine. Just get out there and start selling sites, people!