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Purchase a Blog: Effort 3Flippa: You can also get 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 get it done, its not making enough money, or your offer was too good to refuse.It takes some research to find a blog 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 couple dollars.Buy an Existing Business: Effort 3The barrier to buying an online business is much 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 such as BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected 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 out a baby, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some chance involved in choosing a fantastic domain name to buy, but there are also ways to investigate what might be a good one.
You can purchase domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, however there are much 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 of us, this is more difficult than it sounds. When you consent to become a silent partner, you need 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 make money renting out plenty of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a space in your property.
And theyll investigate this site cover you! Airbnb connects those with space to rent to people looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Do you live near a school campus, famous golf course, race track, or other venues in which significant sporting events have been held You can rent your home out to people attending those events through Rent Just like a Champion.You set the cost and availability of your rental.
The company supplies around $1,000,000 in insurance policy which acts as your primary insurance coverage for your 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 website currently has listings in 25 cities in the US.Rent Your Materials: 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 recognize you hate this, and now youre stuck with this expensive shitOr perhaps you really do use your things, but 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 visit this website for storage units, and they dont require the same amount of management as a rental property.The units are self-serve. People let themselves in and out of the units.
You can peruse storage centers available in LoopNet.If you dont have the money to purchase 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 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 men and women who dont want to get actual 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 a great deal of fat men and women that want to be thin but that dont want to eat less and move more, so some kind of magical weight loss product like a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to stop you This shake will help you lose ten pounds overnight! This wrapping will eliminate cellulite in only 2 weeks!It helps if you're good looking, fit, and charismatic.