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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today sell successful blogs for a variety of reasons; theyre tired of doing this, they no longer have time to do it, its not making enough money, or your offer was too great to refuse.It requires some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can peruse sites available at 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 much lower than purchasing a brick and mortar business. They can be had much 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 such as BizBuySell.Buy Royalties: Attempt 2Had no thought that 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 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 since if someone is going to pimp a infant, 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 great one.
You can buy 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 more research has to be done than you needed to invest in an online business.
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For a number people, this is more difficult than it sounds. When you consent 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 ought to be done differently.You can search websites 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 areas are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room in your home.
And theyll pay 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 college campus, renowned 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 Like a Champion.You set the cost and availability of your rental.
The company provides up to $1,000,000 in insurance policy which acts as your main insurance policy for the time you could try these out your home is rented out.The policy covers liability, structural damage, and harm 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 people who decides to start a new hobby, buys all the stuff you need to partake in that pastime, do it once and then realize you hate this, and now youre stuck with this expensive shitOr maybe you 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 things 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 let themselves in and out of the units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to purchase or construct 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 kind of investment where 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 whole lot of lazy people who dont want to find real jobs but want to pretend to have 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 who want to be thin but who dont want to eat less and move more, so some kind of magical weight loss product such as a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies gutted, whos going to stop you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you are good looking, healthy, and also magnetic.