Many people have heard the expression 'there's no such thing as a complimentary lunch'. Ninety-nine percent of the time this is perfectly real. But what about the other one percent? Virtual Residential or commercial property and the general public domain in combination comprise this evasive gold mine.
What I like to do best is to designate my interests to another purchaser for more than my alternative to buy, of which is an option cost. Why in the world would I do that? Suppose that I understand there is value that I can prove, however can not get financing that is appropriate, and or the margin after improvement exists, but less that my acceptable requirements.
David: John this is truly great stuff. Generally, if I might sum up, what you were trying to state has to do with your success value, especially in Japan and how you had actually used that to your advantage. I heard a stating a while back, which is, "In organisation, plan to fail and prepare to stop working fast due to the fact that the more you fail, the quicker you get to success." So you've clearly used that right through too since you've moved on from that Property Entrepreneur viewpoint.
Royalties - Purchase software, developing ebooks, music etc that you can provide to others to offer and collect royalties. This may be buying the rights to existing property such as music and getting royalties for every sale or usage of that item. When again a bit more difficult than no. 1 however the rewards are passive, considerable and continual. I just recently developed 6 full length sounds CD's for sale by numerous online music companies. I own the product and whenever that item is sold by a distributor then I gather a royalty from it. All I did was create a fascinating item and get other people to benefit from offering it, with me taking royalties along the way. Its a win-win circumstance and I not do anything but accept the royalties. Not bad for an $80 financial investment.
On the other side of the street, you really need to NOT offer your site for less than 2x annual revenues unless you understand something extremely serious will affect the site in an unfavorable way, simply due to the fact that you are far better of keeping it, than selling it for LESS than it deserves.
You might slice up your books sourced from the public domain and turn them into a mini series of ebooks, videos and audios and put them together into a members area on your website. Taking the guitar mentor example, you could create a membership here website packed full of material on guitar playing and videos on how to play popular tunes, etc.
Second life is really similar to reality, it's simply all based upon the computer! This suggests that you should already understand what requires to be done, you simply have to have a game strategy so that you can prosper!