One of the many things you'll learn with Coffee Shop Millionaire

Make Money Flipping Websites(A brief example)

Ever heard of flipping houses? Flipping websites is basically the same process, only WAY cheaper and faster!

Here's how to get started:

1. Buy An Existing Web Property- Sites like Flippa.com, forums.digitalpoint.com, Sitepoint.com, and many other online website auctioneers have plenty of them.

2. Fix Er Up- Do a little research on the website's niche, and then figure the best way to make the site better. It varies based on site, but sometimes just fixing up the theme or adding pictures (royalty free images at iStockphoto.com for cheap) can drastically help.

Another thing you could do is add an interactive forum. You can create one using web forum software like Vbulletin.com. Or you could build a subscriber list by adding an email opt in form, which you can create with free services like Mailchimp.com. The more subscribers or active members in the forum, the more you'll be able to sell your site for later!

3. Flip It- Now go back to an auction site and sell the site for more than you bought it for. Expect to buy basic, but decent looking sites for $20-$50, and sell them for $100-$300!

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