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« Saturday « August 16, 2008
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Find an Undervalued Asset. Fix It Up. Flip It. (Now It's Web Sites, Not Houses)
(NYTimes.com)
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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.There are some truly atrocious Web sites out there, sitting on top of valuable content niches. Hmmm.....
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