Posts Tagged ‘virtual real estate’
Investing in High End Websites
There are a zillion and one ways to make money online… Recently, it has become much easier for the common person to invest in virtual real estate. I would warn you though, it is not for the faint at heart. As you have heard me mention before, there are “gotcha” moments at every corner. There are people online that will not be totally honest with you. Fortunately, there are ways to gauge their honesty and assess if your investment is a worthwhile one. There are also reputable marketplaces where these transactions are performed. Become and educated investor BEFORE you purchase a website, if you are planning to do so. In the video below, we discuss the basics of purchasing those websites we deem to be “high end”. We define high end as those websites that have pre-existing traffic and revenue. This is the 2nd segment in our Virtual Real Estate Discussion.
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Virtual Real Estate and the New Economy
There is a huge change looming in America today. The world is a different place… few would argue. Are you ready for the new economy? Are you ready for the changes that are happening as I type this? People in the know will be at a distinct advantage over those who are not in the coming years. Those that understand this new economy will be able to harvest the fruit that it will bear. They will bear fruit when others are struggling to keep their job and maintain their current lifestyle. The gap between the haves and the have nots is widening by the day. Do you want to be one of the have nots? Don’t bury your head in the sand thinking your job will be there this time next year. Perhaps it will, perhaps you have a plan. Maybe you have done everything the Susie Ormann way and have nothing to worry about. If so, then maybe what I have to say does not matter, if it does, then read on.
Google virtual real estate and you will be amazed at what you will find. The most recent results as I post this are from 2010, a lot has happened since even then. I discuss virtual real estate in the video below. I have partnered with 3 others to purchase high quality websites to add to our portfolio. This “virtual real estate” as we call it is an investment similiar to other investments. You have heard me say before here that I have basically lost interest in the physical realm as far as investing goes (with one exception)… When you have virtual real estate, many of the worries that those in the physical realm worry about are virtually non-existent for me. The virtual economy is the new economy…. the world is changing, are you ready? Part of the concept of this website was to analyze different web properties….. study their traffic and revenue. I have quietly done that but the information is not published as of yet. Try this: type in “cupcake recipes” without the quotes in google. What do you see? You see the site cupcakerecipes.com most likely. Now visit it. It is a very basic site, not even that pretty. Think they are making money? You bet they are! I will show you how I come to this conclusion a little later….. Who do you think owns this website? Maybe a big corporation? Maybe a high school kid? Perhaps a grandmother? What do you think this site would produce as far as revenue goes? Could you live comfortably off the money this website produces? What is the overhead? Will the traffic ever go away? I love questions, I have a lot of them….. I will answer these questions for you next time. But the site cupcakerecipes.com IS in fact virtual real estate. You can purchase or create your own virtual real estate. I aim to explain that to you as well….
I am not selling mentoring services or bootcamp services on this website…. I believe people can learn from each other. Mentoring and bootcamps are not my style… I could care less if you follow through reading this information… Furthermore, I could care less what your current financial situation is. The fact is, when I write things down and engage with this stuff, it further solidifies it in my brain and propels me forward to excel in this subject matter. It is quite cathartic. I do intend on having a membership site where I present you the information and your peers can comment and analyze it as well. I believe in learning in a group setting, letting everyone dissect the information and bringing what they know to the table. I don’t claim to know everything and never will… The FTC has cracked down on the “work from home” industry and quite frankly I am sick to death of it….. there is so much rehashed junk out there it’s not even funny… I’ve read it myself. I am probably on every sucker list out there. Don’t be a sucker, do you homework and learn for yourself.. You may need to graduate from the school of hard knocks before you find success, but it can be well worth it. If anything for the freedom it brings.
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