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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 it, they no longer have enough time to get it done, its not making enough money, or your offer was too great to refuse.It requires some research to find a blog worth buying though, kind of like choosing the right rental property.
You can outsource websites available in Flippa, and a few 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 deal with, and there isnt much overhead.You can find online businesses for sale on sites like BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and provide a steady flow of passive income.You can bid on royalties on the site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women rush to signature their childrens names since if someone is going to pimp a baby, 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 buy, but there are also ways to investigate what might be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a good investment, but 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 a number of us, this is harder than it sounds. When you agree to become a silent partner, you need to stay silent which can be hard when its your money on the line, and you think things ought to 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, but there arent restrictions on renting out a room in your property.
And theyll pay you! Airbnb connects people who have space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues where major sporting events have been held You can rent your home out to people attending these events through Rent Like a Champion.You place the cost and availability of your rental.
The company supplies up to $1,000,000 in insurance coverage which functions as your main insurance policy for the time your home is rented out.The policy covers liability, structural damage, and harm to items and property. You're paid via direct deposit 5-6 business days following the guests check out. The site currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who makes the decision to start a new hobby, purchases all the stuff you need to partake in that pastime, do it once and then recognize you hate it, and now youre stuck with this expensive shitOr perhaps you really do use your stuff, but you probably arent using it all of the time.
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And even that isnt enough space for all the stuff we buy, so we need more storage space. There why not look here is 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 let themselves in and outside of their units.
You can peruse storage facilities available in LoopNet.If you dont have the money to buy or construct a facility, browse around this web-site you can invest in a REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which every person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but both 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 have a career. These are the kinds of people you can recruit for your very own pyramid scheme.
There are a great deal of fat people that want to be thin but who dont want to eat less and proceed, so some kind of magic weight loss product such as a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to prevent you This shake can help you lose ten pounds overnight! This wrapping will eliminate cellulite in just 2 weeks!It helps if you're good looking, fit, and charismatic.