If you are considering 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 huge risks.
Abraham Piper was an ordinary dad who worked in a dead-end warehouse. One day he decided to create a small blog, just for fun. This simple blog started to grow slowly, and today Piper earns over $17 million a year from her blog.
Piper is one of the many people who have become millionaires through blogs and websites. Believe it or not, these entrepreneurs didn’t succeed by sheer luck. They made investments in digital real estate with a proper plan and got huge returns.
What is digital real estate?
Everyone knows real estate investing. It’s as simple as buying a house or land to rent out or sell for a profit. Digital real estate works the same way. Every domain name, website, and blog you see online is Internet property. It’s digital real estate that you can buy and sell, just like those houses, apartments, and land.
In fact, there are people who make a living buying and selling domain names and websites full time. Some domain names sell for millions of dollars and websites are often acquired for hundreds of millions of dollars.
And yes, you can make money with digital real estate too.
What are the requirements?
One of the main reasons many people avoid investing in websites is because they believe that it takes advanced technical knowledge and web design experience to create and maintain a website. It’s quite the opposite.
You don’t need any experience to create a website and start investing in digital real estate. New technologies and free software platforms such as WordPress have made this process much easier for beginners. Today, you can create a website with just one click.
FOR YOUR INFORMATION: You don’t need experience to invest in digital real estate. Website platforms make it easy to set up and run a website in minutes.
Buy or create a website
There are two ways to invest in digital real estate: you can either create your own website from scratch or buy an established website.
Each strategy has its own advantages and disadvantages. Building a website from scratch requires a very small investment, but you have to put a lot of work into it to make it successful, and it will take a long time before you can sell it for a profit. If you decide to buy a website, it will cost you a lot of money, but since the site is already generating profits, you can get a return on investment much sooner.
Where to Buy Established Websites
If you have enough funds to buy an established website, you can explore several marketplaces to find websites for sale.
Flippa is one of the most popular marketplaces where you can start your search. This platform allows you to participate in website auctions and buy websites that are already generating profits. Lists of websites in the market tell you the exact amount the site generates each month and the type of monetization strategies it uses to generate income.
When shopping for websites, you can’t always trust listings. It’s best to do your own research to make sure your investment won’t go to waste. You can use a tool like SEMrush to analyze a website and check its SEO, backlinks, visitor count, and other stats before you buy. You can also hire a website brokerage firm like FE International, which handles all that heavy lifting for you and helps you find the right website for your investment.
At the end of the line : When buying a website, it’s best to do your own research to make sure your digital investment is worth it.
How to create your own website
If you decide to build a website from scratch, you can do it yourself. All you have to do is buy a domain name, buy website hosting, and install WordPress on your hosting plan, which usually costs less than $100.
Different ways to profit from your website
After buying or building your website, you need to create content on a consistent schedule to attract visitors to your website and drive traffic. Use Google’s Keyword Planner to brainstorm ideas for your blog using the words people search 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 on sites like Upwork at affordable prices.
Once you generate enough traffic to your website, you can monetize that traffic to generate revenue from your website. Here are some ways to 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: It involves promoting and selling products created by other companies. Every time someone buys a product through your recommendation, you earn a commission on the sale.
To sell 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 contact you to sponsor blog posts that promote their own brands and products. They will pay you to write about their products on your blog.
Eventually, you might just start earning a profitable income from your website. Then you can decide whether to sell your website for profit or continue to develop it to use as a source of income. The choice is yours!
The good news is that you don’t need to open your checkbook or empty your bank account to invest in a website or blog. The bad news is that unlike when you invest in stocks or real estate, you can’t expect the value of your digital real estate to increase over time without doing anything. You need to put in the work to make your website perform better and increase its value. So make sure you are ready to work before investing.