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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today sell successful sites for a variety of reasons; theyre tired of doing it, they no longer have 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 site worth buying though, kind of like choosing the right rental property.
You can peruse sites available in Flippa, and a few can be had for just 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 assets to deal with, and there isnt much overhead.You can find online businesses for sale on websites like BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and provide 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 people rush to signature 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 good domain name to purchase, but there are also ways to research what might be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a good investment, however 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 people, this is harder than it sounds. When you consent to be a silent partner, you need to keep silent which can be hard 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 places are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a room in your home.
And theyll pay you! Airbnb connects people who have space to rent to those looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Do you live near a school campus, renowned golf course, race track, or other venues in which significant sporting events are held You can rent your house out to people attending those events through Rent Just like a Champion.You set the price and availability of your rental.
The company supplies around $1,000,000 in insurance coverage which functions as your primary insurance policy for the time your home 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 out. The website currently has listings address 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, then purchases all of the stuff you need to partake in that pastime, do it once and then realize you hate it, and now youre stuck with this expensive shitOr maybe you really do use your things, however 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 require the same level of management as a rental property.The units are self-serve. People allow themselves in and outside of their units.
You can peruse storage centers available in LoopNet.If you dont have the money to purchase or construct a facility, you can invest in a REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which every 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 whole lot of lazy people who dont want to get you can try this out real jobs but want to pretend to get a livelihood. These are the kinds of people you can recruit for your own pyramid scheme.
There are a great deal of fat people that 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 great ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only two weeks!It helps if you are good looking, fit, and also magnetic.