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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People sell successful blogs for a variety of reasons; theyre tired of doing this, they no longer have enough time to do it, its not making enough money, or your offer was too good to refuse.It requires some research to find a site worth buying though, kind of like choosing the right rental property.
You can peruse sites available at Flippa, and some 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 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 available on websites like BizBuySell.Buy Royalties: Effort 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 provide a steady flow 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 rush to trademark their childrens names because when someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to purchase, but there are also methods to investigate what could 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 consent to become a silent partner, you need to keep silent which can be difficult when its your money on the line, and you think things should be done differently.You can search websites like Angel Investors Network to get opportunities.Rent it OutYou can make 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, but there arent restrictions on renting out a room in your property.
And theyll cover you! Airbnb connects people who have space to rent to those looking for a place to my blog stay. We wrote an article on the process.Rent Like a Champion: Do you live near a college campus, renowned golf course, race track, or other venues in which major sporting events have been held You can rent your home out to people attending those events through Rent Just like a Champion.You place the price and availability of your rental.
The company provides around $1,000,000 in insurance policy which acts 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 through direct deposit 5-6 business days after 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, buys all the things you need to partake in that pastime, do it once and then recognize 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 read review the time.
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And even that isnt enough room for all of the stuff we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont require the same level of management as a rental property.The units are self-serve. Folks allow themselves in and out of their units.
You can peruse storage facilities for sale at LoopNet.If you dont have the money to buy or construct a centre, you can invest in a REIT that specializes in those like 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 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 career. These are the kinds of people you can recruit for your very own pyramid scheme.
There are lots of fat men and women who want to be thin but who dont want to eat less and move more, so some kind of magic weight loss product like 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 stop you This shake will allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in just two weeks!It helps if you're good looking, healthy, and charismatic.