With the Markets Down, Virtual Real Estate Could Be the Key
Let’s face it. The economy just stinks to high heaven these days. Oil prices are at record levels. Housing is in its worst slump since the first Gulf war back in 1991. And Wall Street can’t decide which way to go with all of the news they’ve being slammed with lately.
With all of the depressing news bombarding us every day, it’s tough to stay optimistic. Even optimists have a breaking point. And this past year has been a burden on many around the world. But I recently read an article about one young man who was beating all the odds to build a successful business.
The article started out about a young man who had tried unsuccessfully to get into college. While waiting around for a chance to get into a decent school, he happened to purchase a domain name. It was nothing fancy, just a simple combination of a few letters. But, to his suprise, he resold that name for something like $12,000 within just a couple of weeks. The article went on to say that, so far, he’s brought in over $300K from his “virtual real estate.”
Although I haven’t made my first million, I’ve had quite a bit of success online myself. Just like that young man, I’ve sold domain names for many times what I’ve paid. It’s amazing how much money you can make from something as simple as a domain name. But it’s true. And by taking his idea of buying and selling domains just a step farther, you can put together simple websites to make even more money.
With the right approach, you could even build your own virtual real estate empire.
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