How To Make Money With Website As Digital Real Estate. First off, the topic needs a little explanation. We all know what making money is. Right?
If you’re thinking about tapping into the emerging digital market, now is the time to invest. Unlike most other markets, digital real estate is something you can invest in without massive risks.
Even if you are not aware of this awesome phenomenon, just hang in there to get an insight.
Coming back to the explanation part, many of us may not be aware of the term digital real estate. So, what exactly is it?
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I know you are smart enough to get there before my explanation. You have already sorted out the analogy with physical real estate.
You sell or rent the physical real estate to get money—actually, a lot of it. Similarly, digital real estate is any online asset that you can sell or rent to earn money.
What are these assets in the digital world? They can include:
- Blog,
- Website,
- YouTube channel,
- Domain name, or
- even a social media account.
Let’s have a look at how to encash them. Any digital asset that can be bought or sold is likely a piece of digital real estate.
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You can think of digital real estate as virtual property. Just like physical property, digital real estate will often increase in value as long as it is maintained correctly.
Some people might also consider cryptocurrencies like Bitcoin or Ethereum digital real estate because it is a digital currency that can be bought and sold. How To Make Money With Website As Digital Real Estate Online
What is Digital Real Estate
Digital real estate can be multiple “things”.
It can be defined as any digital asset that you own that can be bought or sold.
As you can see, this is a very vague description. That’s because digital real estate is so versatile. Just as there are many forms of physical Real Estate, the same goes for digital real estate.
What is Virtual Real Estate?
The term virtual real estate and digital real estate are interchangeable. Digital assets like domain names, social media accounts, and digital currencies can all be referenced to as virtual real estate.
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Ways Of Making Money Through Digital Real Estate
There are plenty of digital assets you can acquire overtime to make money off them. It’s always best to choose something you’re good at. How Website Is A Digital Real Estate
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Blogs: How To Make Money With Website As Digital Real Estate
Blogs are basically websites.
However, there are differences between a website and a blog. Blogs are usually more dynamic with continuous updates as compared to a static website that updates occasionally.
Blogs are usually content-centric websites that do not have a physical inventory to sell. Instead, they sell content, which could be anything from articles to videos.
Typically, blogs are associated with businesses that sell products or services. However, there are thousands of giant personal blogs as well.
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Moving towards the critical part, how can you start a successful blog? Well, again, the content management systems such as WordPress and medium come into play.
To make an analogy with physical real estate, a blog is an apartment that needs continuous renovation.
Sounds meh, Right? But it is what it is. The blog is a high-maintenance digital real estate.
The content of a blog needs to be worthy. You cannot just beat about the bush with a blog.
The only way to run a successful blog is to give value to the readers with continuous updates to the content.
Now, let’s move on to some ways in which blogs make their owners money: How To Make Money With Website As Digital Real Estate Online
a). Affiliate Content
As explained in the earlier section, affiliate content is a referral based system. You work with other businesses and brands to help promote their product or service, or simply divert traffic to their website.
The basics remain the same. You feature a product from another website of your niche. Someone clicks through, purchases it, and you get a commission from the purchase.
b). Guest Posting for Brands
The starting point for a blog is great content that builds authority in a niche.
You can guest post for other blogs with a little advertisement to your own blog if you’re already there.
This way, your blog will get traffic, and ultimately it will help you monetize the blog.
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c). Banner Ads for Other Businesses
You can earn money by contacting other businesses to place their ads on either the top or the sidebars of your blog.
Yeah, specifically these two positions because these are banner ads. You could also use Google Ads on your website which generates passive income.
Although there’s a lot of maths involved with the cost-per-click and the cost-per-thousand methods of digital advertising, it is worth it.
d). Selling a Digital Product
Bloggers do this regularly. They make a digital product such as a course or a webinar to make their subscribers learn new things while making money through registrations.
It is an easy way to make money through a blog if you’re an expert in your niche and can provide value for money.
2. Websites: How To Make Money With Website As Digital Real Estate
Building a website can be one of the least expensive digital real estate investments. But this does come with a cost, your time. You’ll need to spend the time to build and grow the website.
Before deciding to build a website, you’ll want to ask yourself a few questions.
- How crowded is my niche?
- What am I passionate about?
- How will my website make money?
- How long until I expect to turn a profit?
- Do I have the time to properly grow a website?
Websites are the commercial apartments in the digital world.
You can invest in them by either building them from scratch or by purchasing them if you have enough money.
However, the already established websites are really expensive.
Why are they expensive?
Because they are already generating profits for their owners, and nobody kills a goose that lays golden eggs.
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The owners sell websites only when they have a chance to earn a lot more profit than their monthly earnings from the website.
On the other hand, building a website from scratch is also profitable.
The initial investments are low with content management systems such as WordPress. However, running a website efficiently is a real painstaking task.
It would be best if you worked hard to plan keywords that sell.
To solve the problem, you can benefit from software such as Google Keyword planner and many others to get a hold of profitable keywords that can generate traffic.
Anyway, the process is lengthy and frustrating. No matter which path you choose, creating the content yourself or hiring freelancers, ranking a website is not easy.
To get started building a website, you’ll need 3 things:
- Domain name,
- Website hosting, and
- Content interface.
You can purchase a domain name through several websites but my favorite is Bluehost because of its affordability.
You’ll then need to purchase Web Hosting. Again, you’ll have many options but my favorite is Bluehost because of their superior customer service.
Your web hosting will store any files online for users to access. The last step is installing a content management system on your website.
Depending on the system you use, this will often be free. WordPress is the most common CMS used by millions worldwide.
You can learn more about WordPress Here.
There are ways other than keyword planning to generate traffic for your website that include:
a). Affiliate Marketing: Make Money With Website As Digital Real Estate
Affiliate marketing is a referral based system. Think about using your commercial apartment as an outlet for another business. In the same manner, affiliate marketing involves selling someone else’s product on your website.
The number of times the other product sells through your website, the owner pays you an agreed-upon commission.
b). Selling Advertising Space on the Website
You can always rent out a room in your apartment to a paying guest. The same applies to the realm of digital real estate. You can rent out space on your website to another business.
The other business can place their ads in the allotted space and generate traffic through your website’s click-through-rate.
c). Sponsored Content from Other Businesses
In the digital world, businesses are always on the hunt for getting visibility. They will pay you money to write posts, do integrations and PR activities. The content generated by this process is known as sponsored content because the other business pays you for that.
d). Making Your Own Brand
Just like you buy a lot and build a property over it or buy an older property and flip it, you can create your own brand with the website.
This is basically creating a whole business from scratch, which requires investment and commitment.
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It could be anything really, as long as you can grow the website with it. Once you’ve established your brand, you can sell it to prospective buyers.
Good websites with tens of thousands of monthly visitors can be worth thousands of dollars.
3. Social Media / Instagram: Make Money With Website As Digital Real Estate
There are many other social media platforms to make money, but I have chosen Instagram here. Why? It is relatively easy to make money on Instagram due to the nature of the platform.
The thing about Instagram is that you can make money either as an individual or a business entity.
With a user base of more than 1 billion accounts and a business-centric approach, Instagram is ideal for making online money without a blog or website.
Moving forward with the legacy of analogy creation with physical real estate, Instagram is a petrol pump in the digital world.
You need to invest time to get paid, but the outcomes are massive.
Let’s see what the ways of making money through an Instagram account are:
a). Become an Influencer
Influencer marketing is on a roll.
If you know how to position yourself well and create visual content that generates traffic, there’s nothing better than opting to become an influencer.
Just make sure to pick your niche wisely because high competition niches will not do any good to you.
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You may have a huge following, but your competitors are shooting for the stars, and the big guns will let you down.
b). Choose Online Selling
If you have an inventory to sell, photograph it, and upload it on an Instagram business account. The ease of Instagram becomes eminent when it comes to switching from a personal account to a business account.
It is only a few-step process, and you’re set to showcase your products to the thriving, young market.
c). Sell Your Visual Inventory
If you’re a photographer, Instagram is your platform. You can sell your photographs to companies and even get them licensed, for which you earn money.
Top Reasons to Invest in Digital Real Estate
Investing in digital real estate can be life-changing. It provides several advantages over other investments that I’ll explore below. How Website Is A Digital Real Estate and how does it make money.
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Increase Diversification
Every investor knows the importance of diversification, and digital real estate can help you to lower your risk by diversifying your portfolio.
Digital real estate is here to stay. As the internet and technology continue to evolve, there’s no doubt digital real estate will continue to grow in line.
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Tremendous Income Potential
Digital real estate can provide tremendous returns for investors.
Similar to other types of investing, digital real estate offers compounding returns that can multiply in a hurry. Websites can sell for tens of millions of dollars, making it a great opportunity for many.
Digital real estate offers passive income that can help you to grow your wealth and live financially free.
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Potential for Self Employment
If you’re currently working as a full-time employee and are looking for a path to quit your job, investing in digital real estate can be the perfect option.
By building or buying a website or domain name, you can transition out of full-time employment with the income you make.
Let’s do some math to help better understand how your online business can become a full-time job.
If you start a website from scratch for under $200, you can gain traffic and grow revenue by utilizing various acquisition channels.
By receiving over 10,000 page views per month, you’ll qualify for the Ezoic platform that pays much more than Google AdSense for display advertising.
This can earn over $500 per month. Couple that with Affiliate Marketing and you can easily earn over $1,000 per month from your website.
Considering the cost of your website was a couple of hundred dollars, this would be a great investment to many. Learn How To Make Money With Website As Digital Real Estate and create self employment for yourself.
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Sound Fundamentals
Digital real estate is by no means new, in fact, it’s been around for some time now.
While early investors have made a fortune investing in digital real estate, there are still plenty of opportunities.
While some might consider it speculative in nature, certain steps yield historically strong returns.
As this form of virtual property becomes more mainstream, your income and assets will become even more valuable.
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Low Start-up Costs
The cost to get started with digital real estate can be minimal, making it a viable option for people of all ages and income levels.
You can purchase a domain name for less than $10 annually or build a website for less than $100 with hosting.
If you don’t have a desire to build a website, you could start a YouTube channel for free.
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Easily Scalable
Digital real estate compounds quickly. Because you have access to virtually anyone using the internet, or billions of people, you can grow your assets tremendously.
When building an audience, it can take a few months to start seeing growth, but it can gain speed rapidly.
How Much Money Do I Need to Invest in Digital Real Estate
Digital real estate is unlike many other investments in that you can get started for essentially free.
Depending on the type of digital real estate you invest in, it could cost you $9 for a domain name, or completely free by creating digital products.
If you plan to build your digital real estate portfolio, this can take some serious work.
How Can I Invest in Digital Real Estate
There are many different options when it comes to investing in digital real estate.
This gives investors the opportunity to put their money to work through projects they believe in or are passionate about. Learn How To Make Money With Website As Digital Real Estate Online
Different Ways To Make Profit From your Digital Real Estate
After buying or making your website, you need to create content on a consistent schedule to attract visitors to your website and generate traffic.
Use Google’s Keyword Planner to brainstorm ideas for your blog using words that people are searching for.
If you’re too busy to write blog posts and promote your website, you can easily hire freelancers to write content on your behalf. You can find freelancers from sites like Upwork at affordable prices.
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Once you’re generating enough traffic to your website, you can monetize that traffic to generate revenue from your website. Here are a few ways you can make money from your traffic.
- Advertising: You can sell ad space on your website or use an ad network like AdSense to monetize website traffic. When people click on an ad, you earn money.
- Affiliate marketing: This involves promoting and selling products created by other businesses. Whenever someone buys a product through your recommendation, you earn a commission off the sale.
- Selling products: You can also create and sell your own products, like e-books, online courses and software on your website.
- Sponsored content: Advertisers will often reach out to you to sponsor blog posts that promote their own brands and products. They will pay you to write about their products on your blog.
Drawbacks of Digital Real Estate Investing
While there are many benefits of investing in digital real estate there are also a couple of drawbacks. I’ll explore the most common below. How To Make Money With Website As Digital Real Estate Online
a). Skills Needed
Unless you are going to invest in digital real estate passively through a third party, you’ll need certain skills (more on this below!) to grow your income and assets.
This can leave some investors on the sidelines.
There are many resources you can use to learn about digital real estate. For example, if you want to start a blog to make money, check out the video below!
b). Volatility
Digital real estate can be volatile under certain conditions. Because many websites rely on certain acquisition channels, if something were to happen to these channels, your income could suffer.
The most common reason websites suffer is from algorithm changes by Google or social media sites.
If an algorithm change is deployed, you’ll be tasked with understanding what reasons impacted your rankings or impressions.
This can be quite difficult and frustrating for many website owners.
The takeaway here is to use several acquisition channels in case that one suddenly drops.
Where To Buy Established Websites
If you have enough funds to buy an established website, there are several marketplaces you can explore to find websites on sale.
Flippa is one of the most popular marketplaces where you can begin your search.
This platform allows you to participate in website auctions and buy websites that are already making a profit.
The website listings in the marketplace show you the exact amount of money the site generates every month and what type of monetization strategies it uses to generate revenue.
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When buying websites, you can’t always trust the listings. It’s best to do your own research to make sure your investment doesn’t go to waste.
You can use a tool like SEMrush to analyze a website and check its SEO, backlinks, visitor count and other statistics before buying.
You can also hire a website brokerage firm like FE International, which handles all that heavy work for you and helps you find the right website for your investment.
Conclusion: How To Make Money With Website As Digital Real Estate
Eventually, you may well start making a profitable income from your website. Then you can decide whether to sell your website for a profit or to continue developing to use it as an income stream. The choice is yours!
There’s a lot of potential in the digital real estate market, but it is not easy. Unlike buying physical real estate, digital ones require a bit more involvement and work.
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Anyone who promises fast results is a scam. Trust me, it takes consistent effort to get good cash out of digital real estate, but millions worldwide are doing it, so why not you?
The good news is that you don’t have to open your checkbook or empty your bank account to invest in a website or a blog.
The bad news is, unlike when you invest in stock or real estate, you can’t expect the value of your digital real estate to go up over time while not doing anything.
You have to put in the work to make your website more successful and increase its value. So, make sure you’re willing to put in the work before you invest. That is How To Make Money With Website As Digital Real Estate
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