There's a new market in town and it's full of investors and developer who buy and sell websites, trading new and established sites for short terms gains or long term profits.

So what's it all about? Website owners advertise websites for auction, listing a minimum bid price. Buyers then have the opportunity to bid on the auctions for a period of up to 30 days. Once an auction has been won, the successfull bidder and seller negotiate the transfer of the domain name and website hosting.

What's the best way to start trading? First, discover what type of trader you are by checking the categories below:

1. Start Up Website Sellers. Web designers and developers who register a domain name in a particular niche, develop a small website usually based on a publishing platform such as WordPress, then add some original content. These sites are usually no more than 6 months old, have low traffic and little or no revenue. These sites will usually sell from $100 - $500.

2. Established Website Sellers. Website owners who sell established websites. These sites may or may not have revenue history, usually has unique content and ranks well in search results for certain search terms.

3. Online Business Investors. You're looking for a revenue generating online business either as a long term investment or to improve an and resell, or "flip" as it's know.

4. Start Up Site Buyers. Start up site buyers are usually looking for a quick entry into a potentially profitable niche. Buying a start up site takes the work out of finding a niche, registering a domain and setting up a basic site. Essentially it's a shortcut to market. These buyers may get the site up to a respectable earnings level then flip the site (resell it) and realize a profit.

If you're new to the market, work out which category you fall into. You might be a website developer with some spare time looking to make some extra cash by selling ready made packages. You may be an investor looking to invest in virtual property. In either case, take the time to learn about the market and do you due diligence before you buy and sell websites.

To start buying and selling websites, check out Flippa.com the worlds #1 marketplace to buy and sell websites. Flippa lists 100's of website for sale weekly, you can start investing in star-up sites, or buy online businesses.