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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today sell successful blogs for a variety 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 good to refuse.It requires some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can peruse sites for sale at Flippa, and a few can be had for only a couple 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 assets to deal with, and there isnt much overhead.You can find online businesses for sale on sites such as BizBuySell.Buy Royalties: Effort 2Had no thought that this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not influenced by financial markets and supply a steady flow of passive income.You can bid on royalties on the website 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 a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck involved in choosing a fantastic domain name to buy, but there are also ways to investigate what could be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a fantastic investment, however there are a whole lot more overhead and more moving parts. Therefore much more research has to 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 be a silent partner, you have 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 like Angel Investors Network for opportunities.Rent it OutYou can earn money renting out lots 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 Like a Champion: Can you live near a college campus, renowned golf course, race track, or other venues in which major sporting events are held You can rent your home out to individuals attending these events through Rent Just like a Champion.You set the price and availability of your rental.
The company provides around $1,000,000 in insurance coverage which acts as your primary insurance coverage 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 site currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, then purchases all the stuff you need to partake in that pastime, do it once and then recognize you despise this, and now youre stuck with all this expensive shitOr maybe you do use your stuff, but 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's almost no maintenance Home Page for storage units, and they dont need the same amount of management as a rental property.The units are self-serve. People allow themselves in and out of the units.
You can peruse storage centers for sale in LoopNet.If you dont have the money to purchase or construct a facility, 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 each person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but look at this website have been accused of being pyramid schemes.There are a whole lot of lazy men and women who dont want to find real 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 who want to be thin but that dont want to eat less and move more, so some kind of magical weight loss product like a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, 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're good looking, fit, and also magnetic.