Determining a profitable website is not easy especially if you are looking to flip it for higher profit within a short time frame. However, with the correct steps and procedures, it is possible even for a beginner to pick up a good site with great potential to start off.
The first step to determine if a website is worth the investment is by the number of income streams it has. Most websites have more than one income channel such as Pay-Per-Click advertisement (Google Adsense etc), Pay-Per-Action programs (AzoogleAds, ClickBank etc) or selling of own products. Basically, this step is to analyze the current profitable channels and see if you can expand or add in other sources of income. Never rely only on one income source for a website.
The second step is to find out where are the traffic coming from. Most websites should have a healthy amount of constant traffic from the search engines followed by social bookmarking sites or regular visitors. If the majority of the traffic is coming from the search engines, proceed to ask the owner what are the keywords that brought in the traffic. Try out the keywords in the search engines and check out the search engine...