26 Jan '15, 9pm

Washington Post Takes A look at Flipping Websites on Flippa

The Washington Post ran a story a couple hours ago on flipping websites. Caitlin Dewey took a look at some people who have taken to Flippa to try to make something off a website they no longer have the time or passion for. From the article: It helps, of course, that Flippa has a precedent in real life. People who buy struggling or neglected Web sites in the marketplace generally want to improve them — a process pretty similar to, say, any given episode of HGTV’s “Flip or Flop.” “Essentially the same principles of real estate investment also apply to Web businesses,” McCormack explains. There are different types of investors on the site, of course. But when it comes to abandoned sites like Hipster Runoff, many are looking to “buy something old and neglected that [they] can easily improve — then work on growing and building it back up. Think buy and renovate.” There are also...

Full article: http://www.thedomains.com/2015/01/26/washington-post-take...

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 Daniel Gross is executive editor at Strategy+Business. His most recent book is “Better, Stronger, Faster: The Myth of Ame...