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Buy a Blog: Effort 3Flippa: You can also buy 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 get it done, its not making enough money, or your offer was too great to refuse.It takes some research to find a site worth buying though, kind of like choosing the right rental property.
You can peruse sites for sale at Flippa, and a few can be obtained for just 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 resources to deal with, and there isnt much overhead.You can find online businesses for sale on sites like BizBuySell.Buy Royalties: Attempt 2Had no thought that 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 the site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women rush to signature their childrens names since if someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck involved in choosing a fantastic domain name to purchase, but there are also ways to research what could be a great one.
You can purchase 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, however there are much 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 some of us, this is more difficult than it sounds. When you consent to become a silent partner, you have to stay silent which can be hard when its your money on the line, and you think things should be done differently.You can search sites like Angel Investors Network for opportunities.Rent it OutYou can earn money renting out plenty of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a space in your property.
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 Like a Champion: Do you live near a school 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 those events through Rent Like a Champion.You set the cost and availability of your rental.
The company provides around $1,000,000 in insurance coverage which functions as your main insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You're paid via direct deposit 5-6 business days following 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 makes the decision to start a new hobby, purchases all of the stuff you need to partake in that pastime, do it once and then realize you hate it, and now youre stuck with this expensive shitOr perhaps you really 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 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 amount of management as a rental property.The units are self-serve. Folks allow 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 construct 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 kind of investment where every 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 lot of lazy men and women who dont want to find actual jobs but want to pretend to get a livelihood. 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 that dont want to eat less and proceed, so some kind of magical weight loss product such as a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies useful content , whos going to stop you This shake can help you lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you are good looking, fit, and charismatic.