Buy and Sell Digital Property

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

Things to Consider When You Renovate Your House

Making the choice of renovating your home is a normal decision to make after decades that can amount to much expenses and effort all at once. The real question that you must ask yourself is if you are planning to sell the place or are planning to make these changes for yourself because the answer can be quite different actually. That obviously doesn’t mean that all improvements towards your household would be different but there are many upgrades that you can use through your home that can help you sell your property easier and sometimes at a better price without having to involve yourself with any investment that can have a risky outcome. If you are planning to stay within the property then you must consider all the electrical systems throughout the long periods of time, your attitude towards remodeling might actually end up more than if you plan to consider selling but most people plan to work around a budget.

The first thing when you have to decide which part of the apartment you would like to renovate first, which room is mostly occupied or which one that is not used often that doesn’t need much touchups, questions like that will pop up but just put into consideration the cost of that needs to renovated and are these things that you will need in the long run or is it something basic that can be fixed without having to hire anyone during the process. For example, if the furniture that you have can be in the worst shape possible or if you would like an upgrade on the latest television system, it would be best to change the furniture because otherwise you would have the latest technology feeling uncomfortable in the procedure. There are certain things that it would be best to prioritize its restoration.

Where to renovate first

When homeowners would feel that most of their rooms are still in good condition and then the choice comes down to three options: the kitchen, bathroom or the living room. Not only because they are used often but these rooms will improve your chances of selling in the future by increasing the value through renovation.

The living room is usually where most people and their guests occupy their time during their time, which usually gives out the vibe firstly, so it is best to always keep tidy and clean and have everything there well organized and no cracks on the walls or rusty painted walls. The kitchen is a place that should always be organized, clean and properly set up because that’s the place where you would prepare food to serve your family or guests. On the other hand, the bathroom is the place that should always be a priority as well especially that there can be many risks and health hazards so it is best to always keep all the bathrooms a reflection of comfort and safety.

When planning to renovate, consider getting the right fixtures and appliances that are capable of providing the best service and value long term as well. Don’t be stressed about the process, there are fun stages throughout the procedure such as new paint colors, different types and designs for curtains and even different carpeting and finishing and certain places among the property. But that doesn’t mean that you should extend beyond your budget. Your budget is the most important aspect to all of this so try your best to stick to it because there are many things that you can lose focus and end up paying unexpected costs part of the whole planning process. Do the right research and plan the proper budget for yourself to renovate your place the best way possible without having to exceed your financial limits.

Try your best to ask around and ask about other people’s experiences with renovation and where and what can you get and what is the best offer for such matters. If you plan to hire a contractor to make your affairs easier, they wouldn’t have an issue providing the right references and copies of their liability insurance before they even plan to take the task at hand. At that time, it would be better to get a better picture of your contractor so you won’t have to overthink all the prices and projects being done, it would be best to ask for past projects and see the before and after pictures. You will be surprised about the amount of options that you can have once you have started your research about the products or options that you want to make through renovating your own place. Take advantage of shopping through local stores, cheaper places because you will be shocked of what you might like and where you might find it.

Last but not least, if you are looking to purchase a home that has been recently renovated, you should always know what you are getting yourself into before you make the purchase. Take a look around the neighborhood and even try to read any reports regarding inspection to find out what problems may have occurred in the past such as repainted walls or anything that needed to be repaired.

Author Bio

Mohamed El Zaafarany is a digital marketing consultant with interests in the travel and real estate industries who loves to connect businesses with their target audiences.

zaafarany.com

Image: Image by stux from Pixabay

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