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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 all sorts of reasons; theyre tired of doing this, they no longer have 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 ideal rental property.
You can outsource websites available at Flippa, and some can be obtained for only a few 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 available on websites such as 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 supply a steady stream of passive income.You can bid on royalties on your own website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous people hurry to signature their childrens names since if someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a fantastic domain name to purchase, but there are also methods to research what might be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, but 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 of us, this is more difficult than it sounds. When you consent to be a silent partner, you need to keep silent that can be hard when its your money on the line, and you think things should be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a room in your property.
And theyll pay you! Airbnb connects people who have space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a school click reference campus, famous golf course, race track, or other venues where significant sporting events are held You can rent your home out to individuals attending these events through Rent Like a Champion.You place the cost and availability of your rental.
The company provides around $1,000,000 in insurance policy which functions as your main insurance policy for the time your house is rented out.The policy covers liability, structural damage, and damage 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 men and women who decides to begin a new hobby, purchases all of the things you need to partake in that pastime, do it once and then recognize you hate this, and now youre stuck with all this expensive shitOr perhaps you really do use your stuff, 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 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. People allow themselves in and outside of the units.
You can peruse storage facilities available in LoopNet.If you dont have the money to purchase or build a centre, you can invest in a REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment where each 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 whole lot of lazy men and women who dont want to get real jobs but want to pretend to have a career. These are the kinds of people that you can recruit for your own pyramid scheme.
There are a great deal of fat men and women that want to be thin but who 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, with regulatory agencies gutted, whos going to stop you This shake can allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in just two weeks!It helps if you are good looking, healthy, and charismatic.