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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today sell successful sites 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 great to refuse.It takes some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in Flippa, and some can be obtained for only a few 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 more cheaply, and there arent a lot of any physical resources to address, 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 by means of royalties.
Royalty rights are not influenced by financial markets and supply a steady stream of passive income.You can bid on royalties on the website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women hurry to signature their childrens names since when someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck involved in choosing a good domain name to purchase, but there are also methods to investigate what might be a good 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, but there are much more overhead and more moving parts. Therefore more research must be done than you needed to invest in an online business.
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For a number of us, this is more difficult than it sounds. When you agree to be a silent partner, you have to stay 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 for opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room in your home.
And theyll pay you! Airbnb connects people who have space to rent to people looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a school campus, renowned golf course, race track, or other venues in which significant sporting events have been held You can rent your house out to people attending those events through Rent Like a Champion.You place the cost and availability additional info of your rental.
The company supplies up to $1,000,000 in insurance coverage which acts as your primary insurance policy for the time your house is rented out.The policy covers liability, structural damage, and damage to items and property. You are paid via direct deposit 5-6 business days following the guests check out. The website 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, then purchases all the stuff you need to partake in that pastime, do it once and then realize you despise it, and now youre stuck with this expensive shitOr maybe you do use your things, but you probably arent using it all of the time.
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And even that isnt enough room for all the things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the exact same amount of management as a rental property.The units are self-serve. People allow themselves in and outside of their units.
You can peruse storage centers available at LoopNet.If you dont have the money to purchase or construct a centre, you can invest in a REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment where every person involved recruits others to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused of being pyramid schemes.There are a lot of lazy men and women who dont want to get real jobs but want to pretend to get a career. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are a great deal of fat people that want to be thin but that dont want to eat less and move more, so some kind of magic weight loss product like a shake or a body wrap are just two good ideas.Make all kinds of crazy useful site claims about your product, together with regulatory agencies gutted, whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you're good looking, fit, and also magnetic.