Having recently purchased a set of established websites from Todd, my Goyami cohort, I decided to explore the sites online where you can buy and sell established websites. I would caution you, that if you plan on buying an established website, be sure to do some research on the site. There are a lot of people selling "turnkey" sites that they quickly build, sell and build again. You can actually buy turnkey sites from companies like DotComBuilder, you wouldn't want to pay for one of those from an online auction when you can build it yourself cheaply.

Business 2.0 recently had an article entitled "Flipping Web Fixer-Uppers - The latest rage: Buying cheap Internet sites, building tem out, and reselling them". In this article they highlighted SitePoint's Marketplace as a good place to buy and sell established sites.

SitePoint charges $9.95 to list a website for sale in their forums. I actually decided to list one of the sites that I had acquired from Todd in their forums as a test. Check out my listing for Save-on-Guitars-Drums-and-Music-Gear.com. Even though the site is profitable, I decided to list it for sale because it uses a datafeed from Befree which will need to be updated and I don't see myself having the time to get to this one quick enough. Also, I thought it would be good experience testing out selling a site this way. I might sell more. I also have bid on a few; there are some interesting finds in these forums.

Here is a good list of sites where you can buy and sell established web-sites:

• SitePoint's Marketplace
• GoDaddy's Aftermarket - Use Advanced Search to find domains with sites.
• Sedo - Use advanced search for websites.
• WebMasterTrades.com
• WebSiteBroker.com
• UKWebsiteForSale.co.uk
• eBay's Internet Business / Website Category - also check the following sub-categories: Dating Sites, eCommerce Sites, Entertainment Sites, Hosting Sites, Portals and Search Sites, and Other sites.

Finding a good site to acquire in these forums is like looking for a needle in the haystack, but every once in a while you can find a good one and pick it up at a decent price. With a little bid of updating, monetization work, and some paid and organic search work, you could turn a fair site into a great site and either continue earning money from it, or turn around and sell it for a profit.