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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People sell successful blogs for all sorts of reasons; theyre tired of doing this, they no longer have time to get it done, 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 for sale in Flippa, and a few can be had for only a couple 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 deal with, and there isnt much overhead.You can find online businesses for sale on sites like BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and supply a steady flow 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 since when someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck involved in choosing a good domain name to purchase, but there are also methods to investigate what could be a good one.
You can purchase domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe right brick and mortar business can be a fantastic investment, however there are much 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 some people, 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 plenty of things.Rent a Room: Effort 2A lot of places 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 cover you! Airbnb connects those with space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Like a Champion: Do 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 place the price and availability of your rental.
The company provides up to $1,000,000 in insurance policy which functions as your main insurance policy for your time your house is rented out.The policy covers liability, structural damage, and damage to items and property. You are paid through direct deposit 5-6 business days after the guests check out. The site currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, then purchases all of the things you need to partake in that pastime, do it once and then recognize you hate this, and now youre stuck with all this expensive shitOr maybe you do use your stuff, but you probably arent using it all the time.
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And even that isnt enough room for all of the things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont need the same level of management as a rental property.The units are self-serve. People allow 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 construct a centre, you can invest in a REIT that specializes in them click for more info such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment where 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 why not look here whole lot of lazy men and women who dont want to get actual jobs but want to pretend to have a career. These are the kinds of people that you can recruit for your very 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 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 can help you lose ten pounds overnight! This wrap will eliminate cellulite in just 2 you could try these out weeks!It helps if you are good looking, healthy, and also magnetic.