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Buy a Blog: Effort 3Flippa: You can also get 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 time to do it, 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 for sale at Flippa, and a few can be obtained 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 much more cheaply, and there arent a lot of any physical resources to address, 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 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 luck involved in choosing a good domain name to purchase, but there are also methods to research what might be a great 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 a whole lot more overhead and more moving parts. Therefore much more research has to be done than you needed to invest in an online business.
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For some of us, this is harder than it sounds. When you consent to become a silent partner, you have to stay silent that can be hard 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 a fantastic read make money renting out plenty 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 room in your home.
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 Just Like a Champion: Can you live near a school campus, famous golf course, race track, or other venues where major sporting events are held You can rent your house out to individuals attending these events through Rent Just like a Champion.You set the price and availability of your rental.
The company provides around $1,000,000 in insurance coverage which acts as your main insurance coverage for your time your house is rented out.The policy covers liability, structural damage, and harm to things and property. You're paid through direct deposit 5-6 business days after the guests check go right here out. The site currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who makes the decision to start a new hobby, then purchases 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 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 the things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont need the exact same level of management as a rental property.The units are self-serve. People let themselves in and out of the units.
You can peruse storage facilities for sale at LoopNet.If you dont have the money to buy or construct a facility, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which 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 men and women who dont want to find real jobs but want to look at this now pretend to get a career. 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 loss product like a shake or a body wrap are 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 wrap will eliminate cellulite in just two weeks!It helps if you are good looking, fit, and charismatic.