That’s right, not all properties are made of bricks and mortar, these days, properties can be made with zeros and ones as well.
In many ways digital property is just like real estate, that’s why some even call it digital real estate. You can buy or sell it just like a house a flat or land.
In the light of the pandemic, digital property has skyrocketed in popularity – and it makes perfect sense. With many people either out of work or working from home having an online business seems the obvious solution. But what exactly is digital property and how can you earn money with it?
What is Digital Property
Digital property basically includes all sorts of data– anything you could have in a digital format. Data are the files that are saved on and used by computers – such as text files, pictures, audio files, movies…etc. In most cases those files are saved remotely and accessed over the Internet. Some examples of digital property are: websites, blogs or YouTube channels.
In this article we will focus on digital property that – similar to real property – can generate income for you.
How digital property is generating income
There are many different ways to earn money with your online business. The most common and easiest ways is to earn money from ads that are displayed on your website, blog or YouTube channel. In this case you would allow a third party to display ads on your website, blog or in between movies that you have in your YouTube channel. Usually you will be paid every time a visitor clicks on these ads.
It is very easy to apply for it, but some advertiser would only agree to display ads once your online business has a certain “popularity” or better if it has more than a specific number of visitors per month. The most popular “Pay Per Click” Advertising is through Google AdSense.
Other ways of monetizing your website/blog/channel would be the following.
Affiliate marketing/links
You recommend a service or product to your audience and provide a link where they can purchase it. Once they do so you get a share of the sale.
Sell your own product, ad space or service
Of course, you can sell advertising space directly to brands if you like. Or you could have your own online shop or sell a digital product… there are many possibilities.
Flip your website
You can create an income generating website and then sell it.
How to get a digital property
There are two ways to get your hands on a digital property: you either create it yourself (maybe with some help of a programmer, web designer or a nerdy friend) or you can buy it.
There are great marketplaces out there where you can snoop around to find a good deal.
The value of an online businesses has its own way to be calculated. Depending on the monthly income, age and how stable the income is, as well as how many visitors you have. The average monthly income will be multiplied by 12, 24 or maybe even 36. Best is to leave this to the experts who can also verify the information given by the seller. This again can be compared to buying or selling real estate. There are agents out there that will guide you through the entire buying/selling digital property process.
These agents have the means to verify if all the numbers ad up and if the digital property you are interested in is genuinely what is being advertised. They will also help you to pick the right digital property within your budget, expertise and amount of time you can dedicate to it.
From our own experience, one of the best digital property Marketplaces out there is Trustiu – if you want to buy or sell a website, blog or YouTube channel this is a great place to start. They have a dedicated team of experts ready to help you buy or sell your digital property.
Conclusion
Earning money with your own online business is a great way to support yourself from the comfort of your own home. It is not as difficult as it seems – anyone can do it.
Image: Image by Gerd Altmann from Pixabay