I just mentioned this on my NameBait blog, but I want to post it here as well so you readers have the same information.
As much as I hate to do it, I have decided to sell MySpaceLayoutDirectory.com. It is currently listed on SitePoint, so give it a look if you are interested.
The auction is over. The site is still mine. It was an interesting learning process. I recommend you all try it.
Something new came across my radar today and that is the concept of buying websites as a SEO strategy. For example, you can buy an established site and use its popularity in your link building efforts. That is especially possible if the website you are purchasing has a high PageRank. Say that you buy a site with a PageRank of 7. You can use this new site to boost traffic to your existing sites and you can make some money selling some outbound links. Now that sounds like a nice investment.
What if you bought a site with a tremendous amount of traffic? You can start sending some of that traffic on to your other sites. You can also monetize the traffic with AdSense, Yahoo, affiliate sales, etc. There are some real opportunities here if the price is right. Heck, many of the sites I have seen for sale already have revenue streams in place. All you have to do is step in and take over.
I hope I have got you thinking. As you can see, there are several benefits that can make the purchase of an established and popular website an intriguing possibility. Does anyone else have any ideas along this line of thinking? Anyone got any good sites for sale?