The modern world of internet and online commercialism has lead to the developments of many new ways of earning money. This is the world of change and with every passing minute, the dynamics of the business and money generation are changing. You need to keep track of all the required things to make your mark in the current online world of commercialism and finance.Many people are only aware of terms such as online marketing or online business. However, one of the most modern ways to earn a huge amount of linear and residual income is by developing your very own virtual real estate. In many parts of the world, it is known as VRE.This is one the newest forms of making money on the internet and can be used effectively for making money in a very short span of time. We shall give you a brief introduction of virtual real estate and how your own website is the key to making money online. We are sure that after reading this write up, the first thing that you will do is to call a website developer for your very own website.Virtual real estate is a new term and can be defined when compared with the real estate of the real world. In real state of the physical world, we buy land or houses and then sell them for a profit in the future. In virtual real estate we make websites and domain names and then sell them later for much bigger price tag.You may be wondering where all the money would come from. Well, like in the real world, you have to be very careful in choosing the right kind of websites and domain names. We will explain the importance of having a quality website for earning money on the internet.The first thing you need to do in order to build a website is to add quality to the site. Once you have built your own website, the next step is to include the marketing aspect of your website. You can buy a number of domain names and then market them on your own website. In addition to this, you can build more websites and then add their links on the major website. This can lead to a lot of traffic on your website which in turn means heavy amount of residual income.You also need to have a look at the idea behind choosing and buying a particular domain name. You should buy the domain name keeping in view the fact that it is catchy, salable and can give a high return on the value. The domain names should be short, meaningful, and most of all they should have a marketing factor attached with them.Once you start getting traffic on your websites, you will see the effect of residual income on your business. You will have to keep an eye on the content of your websites and, therefore, will have to update it frequently. All in all, you are all set to build your own virtual real estate.