This auction item seems legit — well written, concise, admits that you’ll need to do actual work to make it successful — but even if $1,000 is pocket change for you, I’d suspect you’d at least want a 100 percent clear description of what the actual business is. This auctioneer simply tells you that you’ll need to promote the site (no s#$t) and that you’ll get 500,000 contacts. 

Now, you may receive contacts for 500,000 media companies, but have these companies agreed to being contacted? Any type of advertising or marketing must be permission-based, otherwise you’ll be shooting in the dark; hit or miss (mostly miss). Plus, the absolute biggest, most important factor in buying an existing website is the established visitor traffic that comes with it. This mentions nothing about site traffic. So, for $1,000, you could buy your own permission-based e-mail campaign list, have a site built and throw a couple bucks towards a PPC campaign.

View the Auction