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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 blogs for all sorts of reasons; theyre tired of doing this, they no longer have enough time to get it done, 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 right rental property.
You can peruse sites available at 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 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: Effort 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected by financial markets and provide 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 hurry to trademark 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 fantastic domain name to buy, but there are also methods to investigate 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 must be done than you needed to invest in an online business.
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For a number of us, this is harder than it sounds. When you consent to become a silent partner, you have to keep silent that can be difficult when its your money on the line, and you think content things ought to be done differently.You can search websites like Angel Investors Network for opportunities.Rent it OutYou can earn 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, however there arent restrictions on renting out a room in your property.
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: Do you live near a school campus, famous golf course, race track, or other venues in which significant sporting events are 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 supplies up to $1,000,000 in insurance policy which functions as your main insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You are paid via direct deposit 5-6 business days following the guests check out. The site currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who makes the decision to start a new hobby, purchases all of the stuff you need to partake in that pastime, do it once and then recognize you hate it, and now youre stuck with all this expensive shitOr maybe you do use your things, however 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 is almost no maintenance for storage units, and they dont need the same amount of management as a rental property.The units are self-serve. Folks let themselves in and outside of the units.
You can peruse storage facilities available in LoopNet.If you dont have the money to buy or build a centre, you can invest in a REIT that specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which 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 are a lot of lazy men and women who dont want to find real jobs but want to pretend to get a livelihood. These are the kinds of people 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 magic weight loss product like a shake or a body wrap are two good ideas.Make all kinds of crazy go now claims about your product, with regulatory agencies , whos going to prevent you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you're good looking, healthy, and also magnetic.