While in college, Thomas Smale was looking for a way to earn extra cash. When he stumbled upon the concept of buying websites that needed work and reselling them for a profit, he realized he had found his niche. His first website flip returned $500 on an investment of $100; now Smale is co-owner of a business that brokers and flips websites, grossing $1 million in annual revenue.
In this show, Smale shares his insider tips for flipping websites – from finding undervalued assets, to improving them, to determining valuation, to ultimately selling them to another person.
October 18, 2011