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Now, interestingly, you could sell your blog and make a chunk of money. Some people tend to be the part of such a money making model. They work on couple of blogs to a point that they start getting some traffic and earns a bit of money too.

 Selling Blog

Then they would sell the blog at a low cost (still greater than 1000$ in most cases). They keep on repeating the same. But to make sure that your blog gets sold (and with a good payback), you need to grow it up a point where it starts earning some amount per month.
Other wise its a useless tool for the buyer.

Some Popular Market Places To Sell Your Blog

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