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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 sites for all sorts of reasons; theyre tired of doing it, they no longer have time to do it, 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 in Flippa, and some can be had for just a few 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 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 sites like BizBuySell.Buy Royalties: Effort 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 flow 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 rush to trademark 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 chance involved in choosing a good domain name to buy, but there are also ways to research what might be a good one.
You can purchase domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a good 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 harder than it sounds. When you agree to be a silent partner, you have to keep silent that can be difficult when its your money on the line, and you think things should be done differently.You can search sites such as Angel Investors Network for opportunities.Rent it OutYou can earn money renting out plenty of things.Rent a Room: Effort 2A lot of places are cracking down on renting out this page an entire house or apartment, but there arent restrictions on renting out a room in your home.
And theyll pay 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 have been held You can rent your home out to people attending those 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 functions as your primary insurance policy 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 after 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 men and women who decides to start a new hobby, then buys all the stuff you need to partake in that pastime, do it this link once and then realize article you hate it, and now youre stuck with all 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 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. People let themselves in and outside of their units.
You can peruse storage facilities for sale at LoopNet.If you dont have the money to purchase or build a centre, you can invest in a REIT that specializes in those such as 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 both 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 get a livelihood. These are the kinds of people you can recruit for your own pyramid scheme.
There are lots of fat people that want to be thin but that dont want to eat less and move more, so some kind of magical weight loss product such as a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you're good looking, fit, and charismatic.