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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that's already making money. People today sell successful sites for all sorts of reasons; theyre tired of doing it, they no longer have enough time to do it, 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 right rental property.
You can peruse sites available in 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 more cheaply, and there arent a lot of any physical assets to address, and there isnt much overhead.You can find online businesses available on websites such as BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected by financial markets and supply a steady stream 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 because when someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to buy, but there are also methods to research what might be a great 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 a whole lot 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 become a silent partner, you have to stay silent which can be hard when its your money on the line, and you think things should be done differently.You can search sites 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 space in your home.
And theyll cover you! Airbnb connects have a peek here those with 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 where major sporting events have been held You can rent your house out to people attending these events through Rent Like a Champion.You set the price and availability of your rental.
The company provides around $1,000,000 in insurance policy which functions as your primary insurance policy for the time your home 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 after 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 makes the decision to begin a new hobby, buys all the stuff you need to partake in that pastime, do it once and then recognize you despise it, and now youre stuck with this expensive shitOr perhaps you really do use your things, 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's almost no maintenance for storage units, and they dont require the same amount of management as a rental property.The units are self-serve. Folks let themselves in and out of their units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to purchase or build a centre, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form 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 view it now are a whole lot of lazy people who dont want to get actual jobs but want to pretend to have 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 move more, so some kind of magic weight view it loss product such as a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to prevent you This shake can help you lose ten pounds overnight! This wrapping will eliminate cellulite in just two weeks!It helps if you're good looking, fit, and also magnetic.