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Way back in March, I made the post that I was looking for people who were interested in selling their sites to me so I could expand my portfolio. Since that post, I have received dozens of offers, but unfortunately most were for websites that were either web directories, cheap proxies, image hosting sites, or myspace resource clones. However, every once in awhile I find a diamond in the rough.

This diamond in the rough I am referring to was called DietHack. It is a PR6 diet/fitness authority blog with over 1200 RSS readers. It receives a ton of search engine traffic and is in a very high paying and high traffic niche. This excellent site was listed on the SitePoint.com marketplace and I bought it for $3500 through a buy it now offer. The listing was only on Sitepoint for about three hours, so I was very quick to snatch it up.

The moment I hit the buy-it-now offer, I knew the site was valued at $6000-7000 if I resold it that day. I had no doubt in my mind that the site was undervalued at the $3500 price, but the previous owner had a writer who bailed on him, so he could not run it himself. His loss was my gain. I was planning on porting the site from Blogger to Wordpress, getting a new design, and hiring a team of writers, when my plans changed. I received an offer for $5000 (A $1500 profit) within 72 hours. I would rather have continued running the site than taking the $1500 quick buck route, but after multiple talks with the owner, we settled on $9000. While I knew the site would be worth $10,000 in a few months, A $5500 profit for a few hours worth of work was undeniable. I flipped the site and now the new owner is already writing posts and is working on building the site into a fitness blog powerhouse. The new owner also has at least one other site in that niche, so this was a smart acquisition for him because he can leverage the traffic to them both, not to mention the related powerful PR6 links.

All in all, I made $5500 profit for two hours worth of work, and the new owner got a phenomenal site for less than the $10,000+ I valued it at. In my opinion, it is a win win situation for both parties, and I will be watching the site closely to see how it grows. I wish Mike the best of luck!