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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 blogs 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 requires some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available 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 deal with, and there isnt much overhead.You can find online businesses available on websites such as BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected by financial markets and supply 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 hurry to trademark their childrens names because when someone is going to pimp a baby, 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 buy, but there are also methods to research what could 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 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 harder than it sounds. When you consent to become a silent partner, you need to keep silent that can be hard when its your money on the line, and you think things ought to be done differently.You look at this site can search sites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of places really 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 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 major sporting events are held You can rent your home out to individuals attending those events through Rent Like a Champion.You place the cost and availability of your rental.
The company supplies around $1,000,000 in insurance coverage which acts as your primary insurance coverage for your time your house is rented out.The policy covers liability, structural damage, and harm to things and property. You are paid through direct deposit 5-6 business days following the guests check out. The website 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 begin a new hobby, then purchases all the stuff you need to partake in that pastime, do it once and then recognize you despise this, and now youre stuck with this expensive shitOr maybe you really do use your stuff, but you probably arent using it all of the time.
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And even that isnt enough room for all of the stuff we buy, so we need more storage space. There is 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. Folks allow 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 them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which 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 lot of lazy people who dont want to get real jobs but want to pretend to have a career. These are the kinds of people you can recruit for your own pyramid scheme.
There are a great deal of fat men and women that want to be thin but that dont want to eat less and move more, so some kind of magical weight loss product like a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to stop you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you're good looking, healthy, and also magnetic.