Month: October 2020

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.

Bio

Our Property under 20k team are the founders of www.propertyunder20k.com and www.listproperty4free.com with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries.  We just love to have a good strong cup of coffee while we write our experiences in this blog.

Image: Image by Gerd Altmann from Pixabay

The Difference Between a Realtor and a Real Estate Agent

For many people nowadays, the industry of real estate can remain a mystery until this very day. 

Most people can underestimate all that the real estate agent does but when you ask these people if they can do the same, then they will act like the job is not a hassle while that is very far from the truth. To many people, real estate agencies do no more than open the door to potential clients and have their listings ready, make a few phone calls here and there and in the end they just collect their commission check that most people believe that isn’t even in their right to have since they have the assumption that real estate agencies don’t really work for the money they received. In this article, you will understand what a realtor really does and if you hired one recently, did they do the best for you or not?

The biggest responsibilities of a real estate agent includes two different departments which are buying and selling a property. When you have that in mind, you should have a better idea of where your money is going as well as if hiring a real estate agent or dealing with an agency is the best choice for you.

THE DIFFERENCE BETWEEN A REALTOR AND A REAL ESTATE AGENT

There is this misconception that one is more different than the other while it’s actually closer than you might assume. Anyone who has their own real estate license can actually assist you to buy or sell real estate property but that doesn’t mean that all agents can become realtors. There is a specific association of Realtors that you need to join to be part of the scene, but not all association members are real estate agents. Put in mind that real estate brokers, property managers and even real estate counselors can be eligible to join the association.

To be part of the association, you must understand that there are certain requirements that you will need to follow as terms and conditions to practice the right to become part of the association. Another part that is required is what separates the difference between realtors and other agents would be that they take education classes every few years to improve their circumstances and knowledge regarding the field. Keep in mind that each agent is different, so they will all have their own techniques and tactics with different approaches towards getting the home that they desire.

THE RESPONSIBILITIES OF A REAL ESTATE AGENT

The job requirements of a real estate agent can be many things but mostly a negotiator, coordinator and a person who can organize and manage their time in the proper manner to not waste their client’s time with any kind of visit that they would have with potential clients. It all depends on whether you are planning to purchase or sell your property, there would be different aspects regarding the procedure. When it comes to your real estate agent, try to look at them as someone who will assist you in every way to buy or sell your house quicker than you can imagine. They would insist to:

  • Walk you through the whole process and the steps that need to be taken
  • Answer all the questions that you will have along the way during your transaction
  • Communicate with other owners/sellers on your behalf, and do everything that is possible to make the procedure go as calmly as possible.

Now that you have the idea of the portrayal of the real estate agent, now it is time to get into the real details and know how this procedure works out beforehand so you won’t get surprised by any actions or statements said along the way.

THE RESPONSIBILITIES OF A REALTOR

The job requirements of a Realtor is actually close to the agent but oddly quite different at the same time. A successful realtor in the field has a sizable network of agents that realtors can trust and other professionals that he/she can hire during the home buying/selling process as well as using their own knowledge and experience within the field to get you better properties and deals along the way.

THE PROCEDURE AFTER YOU MAKE YOUR DECISION TO BUY/RENT

Once you made the decision that you are ready to buy/rent a certain home, that is when your real estate agent will start giving you potential listings that would peak your interest as well as some local listings that might interest you but they would also like to see how much you have seen, if anything at all so that they can find the perfect place for you without having to waste anyone’s time along the way. You should understand that showing you around the best properties for you is technically part of their commission, so make the most of it and don’t hesitate to speak your mind because you will be the one living in the property in the end after all. 

Eventually, after seeing a few places that you might like with your agent, you will find one place that really interests you or anyone that will be living with you, at this point is when your real estate agent will help you write an offer that be negotiated or accepted depending on where the owner stands in the situation and if there is an agreement between both parties. In the event that the owner is willing to negotiate the deal with you, it is best that your real estate agent speaks on your behalf rather than having you speak for yourself because with experience of the agent, you would be surprised by the deal that they can provide for you. Obviously during the procedure, it is best that both parties don’t communicate without the agent present just so there won’t be any future misunderstandings.

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 Free-Photos from Pixabay

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