REAL ESTATE NEWS (Los Angeles, CA) — Loft Blog readers know how to monetize unique real estate. Today, they’re learning how to survive and thrive while real estate markets are jittery and the Fed promises financial pain. The good news is that there are plenty of shiny, new ways to find increasing silver in the clouds. Diversification, research, development and innovation have turned into indispensable strategies for success in 2022. The astute are making many thousands, hundreds of thousands or millions from doing things that we enjoy: walking the dog, reading, writing, chatting, Facetime, Instagram, watching videos, making videos, talking on the phone, eating, traveling and even sleeping (investments allow this).
Monetizing everything means getting paid to do the things that might have previously been done for free. Now that the economy is dangerously declining, it’s time to sound the alarm bells, and to remind everyone that they can and must be prepared for a seriously falling economy. The average person needs far more money to pay for the rising costs of living, while simultaneously making less money from last year’s revenue sources. Fortunately, we have new technologies and new infrastructures to cope and to take advantage of the changes — to turn lemons into delicious, profitable lemonade.
Here’s what can be monetized in 2022: Imported products, hand-made products, international labor, solar energy, sales skills, recruiting, leveraging technology and people, teaching just about everything (Udemy, Skillshare Youtube etc), affiliate programs, Google Adsense, Shopify, Fiverr, Amazon, Upwork etc.
Don’t put all your eggs in one basket: Things change more rapidly than ever. What makes money today may not make much money in a few years. Don’t rely on just one revenue stream. Have 4-7 different revenue streams running at all times. Try several of the monetization platforms: WordPress, Youtube, eBay, Craigslist, Facebook Marketplace,
No matter what you’re doing, ask for money, demand to get paid, and make it easy for others to pay you using Paypal, Venmo, Zelle, Cash App, Stripe, Square, Bitcoin, Ethereum etc (use all of them, possible).
Remember that most prices are going up. Charging too little one of the most common mistakes in business. Charge too little, and your profit may be several times less than it should be. Charge as much as possible — even just a bit more (a lot more if you can) — and your profit percentage can more than double; your time gets freed up to work on making a more enjoyable, profitable business.
Monetize everything! Charge for services that were once free by adding value and creative marketing! For real estate, add value to property, add bedrooms inexpensively to dramatically increase rental income, add roommates, add value before selling, save money when buying, invest in what works for 2022/2023 or get a better deal on rent.
Even as some may put property investments on the back burner when a recession rears its ugly head, real estate continues to be the biggest and most profitable investment for the average American. Home owners and investors find extra comfort when they have several proven complementary investments. Some of the most profitable investments include digital assets and new types of tangible assets.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. Below is only an initial test of the Scratch game platform for a potential new real estate game that we are studying the feasibility of.
