16-02 Monetising Virtual Real Estate
There are many ways to monetise virtual real estate, both actively and passively.
One way to make money with virtual real estate is by investing in domain names. If you can buy a domain name at one price and later sell it for more, you’ll profit from the appreciation in value, and appreciation can loosely be considered a form of passive income.
Single-word .com domain names can be valuable these days because they’re pretty much all taken (unless you invent a new word).
You can also buy and sell websites, which is another way to trade in virtual real estate. Buy low, sell high, and you make a profit on the exchange. This isn’t necessarily passive income, but it’s a way to monetise such properties nevertheless.
Other than the value of the domain name, the value of virtual real estate depends largely on what kind of traffic it gets. More traffic is good. Higher quality traffic (meaning people who are willing to spend money) is also good.
One interesting form of virtual real estate is buying virtual property in a virtual game world.
I’m not into that sort of thing, but I’ve heard of people making some money by buying and selling game world properties such as characters, game buildings, weapons, etc. Often they earn less than minimum wage though.
Our goal is to find multiple income streams, and the more passive the better.