For many of us, there is nothing more important than finding out how we are going to earn more money and then sit on it.
Are you sure making the right investment is your best chance to growing wealth? Let’s get one thing straight: finding the right investment is not an easy ball game.
There are very many different avenues of investment that one can pick to make their money grow. The plethora of alternatives makes it a bit difficult to discern which investment would be most effective in helping accomplish the goal of generating more returns for you. Real Estate. Bonds. Investments. What not?
But if you are interested in exploring new business opportunities, and fancy taking calculated risks on putting your money to work for you, consider buying an online business or investing in a digital asset.
If you’re bitten by the digital-asset-investing bug, as you would know by now, there are quite a few options available out there. From eCommerce and Subscription businesses to Lead Generation and Software-As-A-Service (SaaS) businesses, there is quite a lot of options to choose from. Although zeroing in on your prospects could be a daunting task, you can do it right with proper guidance.
Here are a few convincing reasons to devote all your time and energy into buying and maintaining digital assets. Consider the following:
Although there are quite a few benefits to investing in websites, the biggest reason I like to invest in digital assets over any other alternative is for the huge financial returns. Digital assets can help you make two-digit returns on your investment every month. For instance, my first investment was around $15000, yet I make about $500 to $650 from that asset every month. Oh yeah, It amounts to 35% to 40% annual return on my investment.
I don’t have to stress upon the fact that it is practically very difficult to come across an avenue of investing that can deliver such a huge scale of returns within a short period of time, regardless of your investment strategy and the potential of that marketplace.
What about the risk involved? Is it a risky undertaking? Yes, there are a few risks associated with investing in websites, but, trust me, it’s all worth it.
How would you like to have a constant pool of income deposited into your checking and/or savings account? Just think about it. Investing in digital assets and online businesses is a good way to earn passive income and get onto the road to financial independence.
Certain websites do not need much work on your part, like the content websites you come across on the internet. Put out a lot of content on your website and get paid when a visitor clicks on an advertisement or when the advertisers pay you.
Other websites require more work than their counterparts, but the return you get can pay off for several years to come. Basically, there is a wide degree of effort involved in managing a web property.
Therefore, the amount of passive income you can make is up to you. The more time and money you put into your business, the higher the income. And, you can maximize your chances of building a greater stream of passive income, by always doing a little extra.
With traditional asset classes, you just don’t know what will ensue. It’s a harsh reality that can be quite difficult to come to terms with as an ordinary investor. From market volatility and unemployment rates to quarterly earnings and debt ceilings, it can feel like we have no control over our investments.
When it comes to website investing or investing in digital assets for that matter, everything is under your control. You can either choose to improvise your asset so you could appreciate its value and increase its ROI manifold or leave it as it is if you think it is much better to not tamper with a system that is already doing well.
And this superior feeling that we are in cruise control, combined with a solid strategy for appreciating the value of the asset (by building a list, making necessary changes to the website design and content, trying out different marketing channels including social media) can make it quite easy to get the desired returns in no time.
Investing in an online business means that there will be a fairly low overhead costs. This is especially true in cases where rent, wages, and other fixed costs are simply nonexistent. Not only can you get rid of the capital costs required to set up a retail space and the legal costs linked to leasing, but you can also get rid of stocking, distribution and inventory management costs.
Look at it this way. Reduced expenditure in both starting up a business and running it successfully often translates to greater revenue margins, and, in turn, greater profit margins as well.
Having said that there is a completely different focus with businesses online, where SEO, SEM, content marketing and social media marketing have a lot of relevance. Although these channels may require a significant amount of time investment on your part, the resources necessary to get the job done is less than that of those offline businesses with physical assets.
With a 9 to 5 job or an offline business, you are simply tied to a particular location. Even though your job may be interesting, the added flexibility of working from anywhere is something that cannot be taken lightly.
With an online business, you get the luxury to work from almost anywhere in the world. Thanks to latest technology, laptops, tablets, smartphones, VOIP systems, and several online conference software tools allow such businesses to be location independent.
A well-maintained digital asset may not require setting up of special business infrastructure to maintain its shape and/or grow. Moreover, when you choose the right asset to invest your money in, your time commitment becomes less relevant as well.
If you are looking for a business venture that allows you to balance work and personal life, provides you the freedom to be able to manage a successful business while exploring new business areas, the flexibility of managing web properties will be very useful to you.
Personally, I simply love to invest in digital assets that are cash-flowing, and I love it for quite a lot of reasons. A good chunk of the money to be made can be passive and it can be 100% passive for you as an investor if you hire a website management company to manage your web portfolio. The time flexibility is there. More importantly, I get to figure out different stuff ranging from luxury camping to alternative medicine. I am my own boss and I don’t have to deal with employees and customers. I do not commute to work and I get to work typically from anywhere I like in the world (usually from the comfort of my home).
What’s there to complain?
Mohit Tater is the founder and CEO of BlackBook Investments through which he helps people invest in online businesses and digital assets. Apart from advising clients on SEO and marketing he also blogs at mohittater.com.