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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is 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 ideal rental property.
You can outsource websites for sale in 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 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 address, and there isnt much overhead.You can find online businesses available on sites such as BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not influenced by financial markets and provide a steady flow 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 signature their childrens names because 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 buy, but there are also methods to research what might be a good 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 a whole lot more overhead and more moving parts. Therefore much more research must be done than you needed to invest in an online business.
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For some of us, this is more difficult than it sounds. When you agree 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 should be done differently.You can search websites such as Angel Investors Network for opportunities.Rent 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 house or apartment, however there arent restrictions on renting out a space in your home.
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, famous golf course, race track, or other venues where significant sporting events have been held You can rent your house out to individuals attending those events through Rent Like a Champion.You set the price and availability of your rental.
The company provides up to $1,000,000 in insurance policy which functions find here as your primary insurance policy for the time your home is rented out.The policy covers liability, structural damage, and damage to items 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 Materials: Effort 2Peer Renters: Are you one of those people who decides to start a new hobby, buys all the stuff you need to partake in that pastime, do it once and then realize you hate it, and now youre stuck helpful hints with all this expensive shitOr maybe you do use your stuff, however you probably arent using it all of the time.
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And even that isnt enough space for all the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont require the same amount of management as a rental property.The units are self-serve. Folks let themselves in and out of their units.
You can peruse storage facilities available at LoopNet.If you dont have the money to buy or build a centre, you can invest in a REIT that specializes in this post them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form 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 whole lot of lazy people who dont want to find actual 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 who want to be thin but who dont want to eat less and proceed, so some kind of magic weight loss product like a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to prevent you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only 2 weeks!It helps if you are good looking, fit, and charismatic.