What is website flipping?

I see this question posted in many forums so I would like to take this opportunity to answer this question for many of you. Website Flipping is the process of purchasing a website, updating/improving/devolping or adding value to the website and then selling the website for a profit.
The term flipping has been borrowed from the real estate market where "house flipping" is a well known industry. In fact the processes behind each are almost identical but as far as popularity and awareness goes website flipping is well behind. So why am I so excited about the industry?Im not sure whether my writing style reflects my enthusiasm for the industry and if it hasnt let me tell you I am well and truely hitched onto the bandwagon. Website flipping is such an exciting industry for many reasons including:- Incredibly low capital needed (in comparison with other investments)- Unbelievable amount of growth possible (how many websites are there?)- Low risk as any good purchase will at worst hold its value- High growth currently- Create revenue whilst "flipping"So stick around, bookmark this forum and ask lots of questions because IMO this is one of the best online industries around and now is a great time to enter the market. For more infomation on website flipping as well as lots of great hints & tips check out my website flipping blog athttp://www.buyestablishedwebsites.com/website_flipping_blog/