this is an awesome post!
now, I'd like to ask you guys a question: what about website BUYING? because this post is all about selling websites for pennies, but I think that you guys aren't seeing the big picture in here.
imagine what you could do with a site that is already making some money (not much, but something) and/or getting thousands of unique visitors per month:
- you could develop a new layout, put some unique content, SEO it (i've just coined a word) and create a product (everything outsourced),
- and/or you could start getting email suscribers through an opt-in,
- and/or you could put some adsense.
and THEN, after all that, you could start creating REAL money. remember that internet marketing is a BUSINESS, not a hobby, and if you take it as a REAL business, you will be start earning REAL money.
anyways, what i'm trying to say is that I believe you're thinking on getting money NOW, immediately, but you're not applying the REAL businessman thinking. that is long-term thinking.
I'm talking about developing a business around internet marketing, like the big guys, and diversifying the income streams (as I said before, throug aff marketing, adsense, cpa, email marketing, product creating or even joint ventures!).
just my 2 cents.