How wealthy could you be if you saw untouched real estate in a new area, and bought it all up right before the area saw a boom? You could rent that property out or flip it and make some fantastic passive income.
That’s the dream, right?
It certainly sounds nice. Although the idea of putting up all that money to wait for a return on physical real estate investment certainly is scary.
Still, there are plenty of people who’ve gotten incredibly wealthy in real estate, doing exactly what I described above.
What I’m about to tell you is that you can do the same thing, only with much, much less investment, less risk, and potentially just as much reward.
Does that sound crazy? Maybe it is. It’s also possible, through the power of the Internet and virtual real estate.
There are some people who think the days of profiting wildly from virtual real estate are over. That doesn’t have to be the case.
There are different ways you can make this happen.
You can build niche websites that earn for you, day and night.
You can buy domain names that you flip for profit.
You can buy underperforming, already-built websites and tweak them to profitability.
You can focus your efforts on spreading news of your business in every relevant corner of the web, becoming a great authority and high earner in your niche.
Any or all of these methods can help you earn a great income, whether you’re actively working or not.
Building and Profiting From Niche Websites
There are so many different ways you can profit from niche websites.
You can build very specific “mini” niche websites that target a very specific product or group of products.
Or, you can take up more virtual space with an authority site that’s larger and dominates in your niche.
Either option is a good one, and there are pluses and minuses to either.
With mini sites, you might find it easier to rank quickly. However, those results may only last if you add fresh content and work on the long tail.
With an authority site, you might have to build up content over time before you see real benefits. Although, if you spend time on really growing the site and making sure it’s the best spot on the web for people in that niche. You’ll build a real presence in the niche.
Whichever option you choose, your goal should be to dominate in certain areas on the web that are profitable. You’ll choose profitable niches, write content (a lot of content over time), connect with the audience, and promote products.
Your website (or websites) will be up and active day and night. That means you can earn passively with your virtual real estate, day or night.
Buying and Flipping Domain Names
Let’s say you don’t love the idea of creating content or dealing with search engine optimization or anything like that.
Does that mean you’re out of the virtual real estate game? No, it doesn’t. What you can do is take advantage of the profitable domain names that are out there.
What you can do is research domain names that have the potential for profitability. You can register these domain names and list them for sale.
If you have several of these domain names registered and listed for sale, you can earn passive income as buyers find your names and buy them from you.
You can also set up simple websites for this virtual website. This can further entice buyers and help you flip the names—or not. Sometimes it’s worth doing this and other times it’s not. Figure out what will work for the needs of those who are likely to buy your domain names.
Flipping Websites
Another thing you can do to profit from virtual real estate is to buy websites that are already set up and potentially profiting.
There are plenty of people out there who have created websites that they no longer want to maintain. Some of these websites have a lot of great potential.
There are some people who offer turnkey websites that are ready to go, and were always meant for a buyer.
There are also websites for sale that are already profitable.
You can buy up this virtual real estate (different kinds depending on your budget and plans for your business) and tweak it to make it even better. You can make it even more profitable.
Once it’s profitable, you can leave it running for you so you can have a passive income over time. Or, you can flip it to others to profit instantly from. You can do a combination of both.
Buying and selling websites is a great path for those who want passive income, combined with the chance for instant income.
Building Authority in Every Corner of the Web
You can make it your goal to transform your current business into one of authority. You should take up all the virtual real estate you possibly can, for this option.
I don’t just mean having a website—you might also have a Facebook group, LinkedIn account, web 2.0 properties, Tumblr, a forum, a membership site, etc.
You want to be seen absolutely everywhere possible in your niche. The more virtual real estate you take up in a profitable niche, the more likely you are to earn.
This can turn into a great, passive income stream for you. You can have recurring income streams set up as part of this. One idea is to run a paid membership forum or membership site, like my own Earn 1K a Day. This virtual real estate has been very profitable for me over the years.
Choose Your Path and Build a Passive income with Virtual Real Estate
As you can see, there are plenty of options for you to choose from. Hopefully, one of them appeals to you.
The fact is that it’s important to own virtual real estate for your business, no matter what your focus.
You can use virtual real estate for instant income, passive income, or recurring income. With some models, you can achieve any or all of the above. This is very exciting, and it’s never been more possible to succeed with this than it is today.
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