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Purchase 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 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 requires some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available at Flippa, and some can be obtained 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 more cheaply, and there arent a lot of any physical resources to address, 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 site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women hurry to trademark their childrens names since when someone is going to pimp out 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 purchase, but there are also ways 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 correct brick and mortar business can be a good investment, but there are much 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 a number people, this is harder than it sounds. When you consent to be a silent partner, you have to stay 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 plenty of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room in your home.
And theyll cover you! Airbnb connects people who have space to rent to those looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a school campus, famous golf course, race track, or other venues where major sporting events have been held You can rent your house out to individuals attending these events through Rent Just like a Champion.You place the price and availability of your rental.
The company provides around $1,000,000 in insurance policy which functions as your primary insurance policy for the time your home is rented out.The policy covers liability, structural damage, and harm to things 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 in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those men and women who makes the decision to begin a new hobby, then basics 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 this expensive shitOr perhaps you 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 things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the same amount of management as a rental property.The units are self-serve. People let themselves in and out of the units.
You can peruse storage centers available in LoopNet.If you dont have the money to buy or construct a centre, you can invest in a REIT that specializes in those discover this such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form 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 actual jobs but want to pretend to have a career. These are the kinds of people you can recruit for your very 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 magic 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 , whos going to prevent you This shake can allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in just 2 weeks!It helps if you are good looking, fit, and charismatic.