How To Buy Internet Real Estate
First Published: ADawnJournal.com Published Date : May 6, 2009
During a recession, property values tend to decrease, and those who can afford it don’t hesitate to grab the opportunity to acquire some nice properties at unbeatable costs. However, buying physical assets may not be a viable option for everyone due to the heavy upfront expenses you need to go through. But how about buying Internet real estate? Is it still possible to grab opportunities that exist due to economic turmoil and buy assets online with very little money and still flourish in the future?
The answer is: absolutely yes. You see, domains are like virtual real estate that exists only on the web. There are many similarities between domain names and real estate properties: both of them aren’t increasing in quantity any more, we are dealing with the same quantity today as we were twenty or thirty years ago, and due to limited supply, the price has to go up one day. You just need to buy those that will be in demand in the future.
In order to buy domains, you need to know a few things I discussed in this article – How to Make Money from Domain Names. I believe financial crisis opens up opportunities to buy domains which wouldn’t be available otherwise. In a financial meltdown, businesses close down and people lose jobs. As a result, lots of good domains drop out as businesses don’t need them anymore or people just can’t afford to maintain their domain portfolios.
Opportunistic entrepreneurs grab this opportunity to increase their domain buildups. I purchased most of my high-potential domains in the past few months. Also, I hired many programmers to develop a few new web sites. I can do it now because of low hiring costs available due to the current economic crisis. Entrepreneurs should be always on the lookout to use negative circumstances to their advantage and turn them into positive circumstances.
We all hate economic crises like the one we are going through today. The difference between a successful and a failed entrepreneur can be determined by how well you can use this crisis to build a better future. Yes, opportunities even exist in the midst of a crisis.