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This is the crux of the whole adsense problem.
Adsense was designed to be a way of easily monetising a successful site. One that exists for its readers and was written by someone that had something unique or interesting to say. Not as a way of getting rich quick. If you have not got the ability to do this then adsense isnt for you. In the same way that 99% of people would not make successful writers. Only a few are good enough to be best sellers and all the rest even if published earn peanuts...
In fact, I managed to beat him down by putting in a final offer of half the asking price and he accepted. What I got was as described in that it was a bunch of sites with the option to insert your adsense code, but the sites had no content to speak of. Some had free to use articles, some just the structure of the site. Anyhow, I did work on one of them that looked likely to be of interest, and got it online.
By the time I'd paid for the sites, paid to register a domain, paid adwords to get some traffic I was WAY out of profit.
It has to be said that the idea of getting a topic you are interested in / know something about is the best route. In that way you do create some original content to monetize. People do buy and sell websites all the time, but we are talking a LOT of money to buy a successful one. Buying a bunch of cheap ones off ebay is not the way to go.
[edited by: FortySomething at 2:41 pm (utc) on Nov. 10, 2006]
No, AdSense was designed to give Google a chance to monetize on the rest of the WWW, brilliant, works well, I love it, but please do not feed us corporate marketing materials as facts.
On the original question:
The problem is not in how much a web site costs to buy, it could be a giveaway with a pack of chewing gum, the issue is will it get any traffic?