I wish I could say it is easy and simple, but to do good quality panoramas takes a DSLR camera with a wide angle lens, a panohead (it rotates the camera around the focus point of the lens), stitching software to combine the photos into one photo, panorama software to take the single combined photo into an interactive panorama. Of course you can take panoramas with point and shoot cameras and even with smart phones (I believe the new Iphone 5 has a panorama app built in, but it does not do a full 360 up and down), but their quality is ok at best outdoors, and not good indoors with limited lighting.
Below is the equipment I used to make the virtual tour:
Nikon D90 w/10.5mm Fisheye Lens
Nodal Ninja MK III Panohead
PTGui software to stitch the photos
PhotoShop CS5 to edit the stitched photo
Pano2VR software to create the panorama and tour.
Panorama's and virtual tours has been a hobby of mine for over 10 years.
Now if I can just make some money doing it (at least to pay for the equipment, the
wife would really like that I know).
Feel free to ask me any questions, I'll tell you what I know.
Sean B. Halliday
2012 Jayco Swift 26BH
2012 Chevy Silverado 5.3L 1500 Shortbed
with tow package