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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People 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 great to refuse.It takes 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 obtained for only 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 much 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 websites like BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected by financial markets and supply 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 trademark their childrens names because if someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck 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 concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a fantastic investment, but there are a whole lot 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 people, this is more difficult than it sounds. When you consent to be a silent partner, you need to keep silent that can be hard when its your money on the line, and you think things ought to be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire home or apartment, but there arent restrictions on renting out a room in your property.
And theyll cover you! Airbnb connects people who have space to rent to those looking for somewhere 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 have been held You can rent your home out to individuals attending those events through Rent Just like a Champion.You set the cost and availability of your rental.
The company provides around $1,000,000 in insurance coverage which acts as your main insurance policy for your time your home is weblink rented out.The policy covers liability, structural damage, and damage to things and property. You are paid through direct deposit 5-6 business days after 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, then buys all the things you need to partake in that pastime, do it once and then realize you despise this, and now youre stuck with all this expensive shitOr perhaps you really 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 the things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont need the same level of management as a rental property.The units are self-serve. Folks let themselves in and outside of their units.
You can peruse storage facilities available in 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 kind of investment where every person involved recruits others 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 get actual jobs but want to pretend to have a livelihood. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are a great deal of fat people that want to be thin but who dont want to eat less and move more, so some kind of magical weight loss product such as a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to stop you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only 2 weeks!It helps if you're good looking, fit, and charismatic.