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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 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 site worth buying though, kind of like choosing the right rental property.
You can outsource websites available at Flippa, and a few can be had 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 available on sites such as BizBuySell.Buy Royalties: Effort 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 flow of passive income.You can bid on royalties on your own website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous people hurry to trademark their childrens names since if someone is going to pimp out a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a fantastic domain name to buy, but there are also methods to investigate what might be a good one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a good investment, however there are much more overhead and more moving parts. Therefore more research has to 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 become a silent partner, you need to stay silent which can be difficult when its your money on the line, and you think things should be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out this link lots of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a space in your property.
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 college campus, renowned golf course, race track, or other venues where major sporting events have been held You can rent your house out to individuals attending those events through Rent Like a Champion.You place the cost 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 home is rented out.The policy covers liability, structural damage, and damage to items and property. You're paid through 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, buys all the stuff you need to partake in that pastime, do it once and then realize you despise this, and now youre stuck with all this expensive shitOr perhaps you do use your stuff, however 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 is almost no maintenance for storage units, and they dont require the exact same amount of management as a rental property.The units read this post here are self-serve. Folks let themselves in and outside of the units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to buy or build a facility, you can invest in a REIT that specializes in them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment where each person involved recruits others 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 people who dont want to get real jobs but want to pretend to get a livelihood. These are the kinds of people you can recruit for your own pyramid scheme.
There are a great deal of fat people who want to be thin but that dont want to eat less and proceed, so some kind of magic weight loss product such as a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to prevent you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you're good looking, healthy, and also magnetic.