Virtual Worlds provide big money in Virtual Real Estate Investing

Copyright (c) 2009 Duncan Wierman

VRE stands for Virtual Real Estate. We are not speaking of traditional brick and mortar type property. But what then is virtual property?

Virtual Property can take the form of websites, domain names, blogs, or even parasite hosing on Squidoo and Hubpages. The way in which virtual real estate works is that people are buying and selling domain names in order to make a profit. This works in pretty much a similar way to the real estate property market.

Just like the property market there are many ways to buy and sell virtual real estate. In some cases you may buy domain names cheaply and sell them on at a higher price when demand for them grows. In other cases you may buy the domain name and build up a website and then go on to sell this or last but not least you may go down the route of buying the domain name simply to rent it out. All of these options mimic what happens on the property market for the fact that people buy houses and do them up then sell them when their value has increased or they buy property to rent it out to a third party.

There is of course a significant difference between the property market and the virtual real estate market; While the traditional brick and mortar type of business is slumping... The Virtual world of real estate is BOOMING! This boom in the market has caused many domain names to be worth millions so getting involved in virtual real estate has never potentially been so rewarding.

Anyone can do this business at little or no cost. The great thing about this type of virtual investing is that you don't have a huge learning curve to go through. If you can surf the Internet then you have the skills that it takes to earn a living through buying and selling domain names. Also opportunities to do this are everywhere; the key is knowing the right places to look.

As well as knowing where to look you also need to know what you are looking for. You need to make sure that the domain names you are investing in with the hope of making money are going to be sought after. There are a few aspects that you should look out for when you are doing this. People remember the short names before a very long one. The longer the domain name the more chance there is also for the person typing it to make a mistake and go to another competitors website and thus lose a sale. The fewer words that are involved in a domain name the higher in value they will be over time.

Remember the Internet is a fantastic direct marketing medium for generating targeted leads for any market or industry. The demand is incredibly high. Good domain names are getting harder to find. There will always be more people getting online every year and if they want short , sweet and easy domain names it going to always be harder to find them.