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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today sell successful blogs for all sorts of reasons; theyre tired of doing this, they no longer have time to get it done, its not making enough money, or your offer was too good to refuse.It takes some research to find a site worth buying though, kind of like choosing the right rental property.
You can outsource websites available in Flippa, and some can be obtained for only a couple dollars.Buy an Existing Business: Effort 3The barrier to buying an online business is a lot lower than purchasing a brick and mortar business. They can be had much more cheaply, and there arent a lot of any physical resources to deal with, and there isnt much overhead.You can find online businesses for sale on websites like BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and provide a steady stream of passive income.You can bid on royalties on your own site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous people rush to signature their childrens names because when someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some chance involved in choosing a good domain name to purchase, but there are also ways to investigate what might be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, however there are a whole lot more overhead and more moving parts. Therefore much more research must be done than you needed to invest in an online business.
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For some people, this is harder than it sounds. When you consent to be a silent partner, you need to keep silent that can be difficult when its your money on the line, and you think things should be done differently.You can search websites such as Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out plenty of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a room in your home.
And theyll cover you! Airbnb connects those with space to rent to people looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a school campus, famous golf course, race have a peek here track, or other venues in which significant sporting events are held You can rent your home out to individuals attending those events through Rent Just like a Champion.You set the price and availability of your rental.
The company supplies around $1,000,000 in insurance coverage which acts as your primary insurance policy for your time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You are paid through direct deposit 5-6 business days after the guests check out. The site currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who decides to start a new hobby, buys all the stuff you need to partake in that pastime, do it once and then realize you hate this, and now youre stuck with all this expensive shitOr maybe you do use your things, however you probably arent using it all the time.
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And even that isnt enough space for all of the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont need the exact same level of management as a rental property.The units are self-serve. Folks let themselves in and outside of the useful site units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to purchase or construct a facility, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which each person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused of being pyramid schemes.There are a whole lot of lazy people who dont want to get real jobs but want to pretend to get a livelihood. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are lots of fat men and women that want to be thin but that dont want to eat less and move more, so some kind of magic weight loss product such as a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies gutted, whos going to prevent you This shake can allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in just 2 weeks!It helps if you're good looking, fit, and charismatic.