About two months ago I sold my first website on Flippa.com, a site dedicated to buying and selling websites and domains. Launched earlier this year by a team from the internet resources site Sitepoint the marketplace is like Ebay for buying and selling websites.
The site I sold was www.ipodhistory.com, I originally bought the site from the Digital Point Forums about 18months earlier for $180 (£90 at the time), it was my most expensive site I had bought and was a relatively big gamble. Over the following year and a half I invested in search engine optimisation, added new content and grew a community. In this time I tripled the traffic and advertising revenue.
I listed the site on Flippa and immediately received interest and a number of offers. After around two weeks the site sold for $2000 (£1300). I was paid through PayPal and the transaction went very quickly and smoothly.
You can list sites on Flippa either with an auction style listing or where people submit private bids for a site. Flippa charge a listing fee with various optional extras (about $28 for my site) plus a final value fee of 5% (with a cap of $498).
It's sad to see the iPod History site go from my portfolio but I'm more than happy with the return on investment.