September 2023

The web opens up opportunities for making money without viewing building sites. They are remote real estate investing more accessible with digital tools. From flipping homes to investing in rental properties, here are some of the best ways to start making money online with real estate investing. Crowdfunding platforms like Fundrise and Rich Uncles allow you to invest in real estate remotely. You can browse investment offerings, invest in a diversified portfolio of properties, and earn dividends from the rental income and appreciation. Minimums start around $500 so it’s easy to get started. Leverage technology to diversify.

• Flip homes remotely 

House flipping is now possible without seeing the property in person. Platforms like Roofstock to browse homes, evaluate markets, and select investment properties digitally. You can buy, perform renovations, and then sell the home once repairs are complete. Hire local contractors to complete renovations and manage inspections.

• Invest in rental properties  

With screening and leasing processes now online, purchasing rental properties virtually is easier than ever. You don’t need to live nearby to buy a property, list it online, screen tenants digitally, and hire a property manager to handle ongoing maintenance. 

• Lend money to real estate investors 

Hard money lending platforms like LendingHome let you lend capital to real estate investors flipping homes or funding renovations. You earn interest monthly with less risk than owning properties directly. Review deals online, choose loans to fund, and earn higher returns on your capital through real estate without getting your hands dirty. 

• Trade the stock market  

Invest in real estate stocks and REITs to benefit from the housing market 37 ways to make money online in 2023 offer your skills as a freelance writer, designer, developer, marketer, or in any other area on platforms like Upwork, Freelancer, or Fiverr. Add these liquid investments to diversify your portfolio and reduce risk. The public markets offer exposure to real estate without the hassles of ownership.   Create digital products to help aspiring investors learn the ropes. Sell online courses, membership sites, e-books, and more tailored to real estate niches. Share your knowledge while earning passive income. Automate product delivery and enjoy earning royalties on each sale. A benefit of info-products is leveraging your expertise. 

• Offer consulting services

Offer your real estate knowledge as a consultant. Provide virtual coaching and strategy sessions to clients looking to invest in certain markets. Charge hourly or package you’re consulting into fixed-fee offerings to share your experience with smart investments.  Research promising proptech with innovative solutions and invest.  Invest directly in startups or participate via equity crowdfunding platforms. Benefit from proptech growth. 

• Utilize tax benefits

Take advantage of tax deductions as a real estate investor like depreciation, travel costs, repairs, mortgage interest, insurance, utilities, and more. Be strategic about realizing gains and losses to optimize taxes. Understand 1031 exchanges to defer taxes when selling one property and reinvesting in another. Use an accountant to maximize write-offs. Establish yourself as an authority by launching a real estate blog, podcast, YouTube channel, etc. Share your knowledge and experience to reputation. Obtaining leads to book deals, speaking engagements, and increased demand for your services. Offer free value to attract paid opportunities.

Weston Gutkowski

vitale-finances.com

Microtransactions, sometimes called in-app purchases or in-game transactions, have seamlessly woven themselves into the fabric of digital experiences. With these unobtrusive payments, you easily unlock premium content, access novel features, or acquire a multitude of digital treasures. The strategic integration of microtransactions offers digital enterprises a plethora of benefits, but their harmonious inclusion demands meticulous forethought and execution. Let’s clearly define what microtransactions entail. Microtransactions are optional, small-sized payments made in digital environments. They may range from $0.99 to $10 for individual transactions. It provides an additional revenue stream beyond core product pricing or subscriptions. When implemented well, they significantly boost customer LTV and business profitability.

Integrated microtransactions

• Added revenue – Microtransactions drive substantial incremental revenue on top of baseline earnings. Small amounts tend to add up, especially with repeat purchases.
• Customer choice – Users get more freedom to access specific premium features they value instead of a blanket subscription.
• Usage-Based Pricing – Customers only pay for the exact amount of extra content or capabilities consumed, similar to metered utility pricing.
• Lower Barriers – Small transaction sizes are psychologically easier purchases requiring less deliberation. It expands your target audience.
• Ongoing Engagement – New virtual goods and limited-time offers motivate continuous engagement with your product after sign-up.
• Gamification – Making real-money transactions for virtual goods provides satisfaction and dopamine hits that hook users.

When considering microtransactions, consider how these benefits could apply to your business model and customer needs. Should you necessitate supplementary information, feel free to explore https://www.moneylife365.com/.

Best practices for implementation

Use data and testing to find the ideal price points based on perceived value and willingness to pay. Bundle-related items for deal incentives. Microtransaction functionality should be embedded natively within apps and sites for frictionless purchases in just 1-2 clicks. Providing options caters to different preferences instead of one-size-fits-all. Provide tiered offerings at different price levels – entry-level to premium to broaden appeal. Actively market microtransaction opportunities through emails, alerts, social media, and in-product messaging. Analyze adoption rates, usage metrics, and revenue by item to optimize the catalog and pricing over time. Avoid making the non-paying experience feel penalized or compromised compared to paying users.

Microtransactions present a compelling option for digital companies to generate incremental revenue while giving users more choice and value. By allowing quick, small-sized purchases of premium offerings, they drive higher customer engagement and satisfaction. Smart implementation requires careful planning integration, pricing, promotions, and analytics. In the right hands, microtransactions can become an impactful part of a diversified online business model. Companies across gaming, SaaS, streaming, and other verticals are validating the sizable potential of this monetization approach.

With a customer-centric approach, microtransactions thrive. However, companies should avoid sole dependence on this revenue stream. A diversified business model is ideal, with microtransactions complementing other stable recurring income like subscriptions. They require meticulous execution and continuous tuning based on data insights and user feedback. By remaining prudent and adaptable, digital businesses sustainably embrace microtransactions alongside their core offerings.

Herbert McDermott