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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People sell successful sites for a variety of reasons; theyre tired of doing it, they no longer have enough 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 outsource websites available at Flippa, and a few can be obtained for just 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 more cheaply, and there arent a lot of any physical assets to address, and there isnt much overhead.You can find online businesses for sale on websites like BizBuySell.Buy Royalties: Effort 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and provide 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 people rush to signature their childrens names since if someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a good domain name to purchase, but there are also ways to investigate what could be a good 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, but 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 some of us, this is harder than it sounds. When you consent to be a silent partner, you have 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 like Angel Investors Network to get opportunities.Rent useful link it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire home or apartment, but there arent restrictions on renting out a space in your home.
And theyll cover you! Airbnb connects people who have 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 house out to individuals attending these events through Rent Like a Champion.You place the price and availability of your rental.
The company provides up to $1,000,000 in insurance coverage which acts as your primary insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and harm to items and property. You're paid through direct deposit 5-6 business days following the guests check out. The website currently has listings in 25 cities his response in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those men and women who makes the decision to start a new hobby, purchases all the things 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 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 of the stuff we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont need 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 centers available at LoopNet.If you dont have the money to purchase or build a centre, you can invest in a REIT official site that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment where every 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 men and women who dont want to find real jobs but want to pretend to get a career. These are the kinds of people you can recruit for your own pyramid scheme.
There are lots of fat men and women 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 just two good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies gutted, whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you're good looking, fit, and also magnetic.