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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 it, they no longer have time to do it, 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 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 deal with, and there isnt much overhead.You can find online businesses available on sites like BizBuySell.Buy Royalties: Effort 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and provide a steady stream 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 people hurry to signature their childrens names because when someone is going to pimp a infant, 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 investigate what might be a good one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a good investment, however 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 a number people, this is more difficult than it sounds. When you agree to be a silent partner, you have to stay silent which can be hard when its your money on the line, and you think things ought to be done differently.You can search websites such as Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out plenty of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a room in your property.
And theyll pay you! Airbnb connects people who have space to rent to people looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues in which significant sporting events are held You can rent your house out to individuals attending these 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 items and property. You're paid via direct deposit 5-6 business days following the guests check out. The website currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who decides to start a new hobby, purchases all the stuff you need to partake in that pastime, do it once and then realize you despise it, and now youre stuck with all 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 space for all the stuff we buy, so we need more storage space. There's 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 allow themselves in and out of the units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to buy or construct a centre, you can invest in a REIT that specializes in them 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 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 own pyramid scheme.
There are a great deal of fat people that want to be thin but that dont want to eat less and move more, so some kind of magic 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, together with regulatory agencies gutted, whos going to prevent you This shake go now will help you lose ten pounds overnight! This wrapping will eliminate cellulite in just two weeks!It helps if you are good looking, fit, and also magnetic.