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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 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 good to refuse.It takes some research to find a blog worth buying though, kind of like choosing the right rental property.
You can peruse sites available 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 assets to deal with, and there isnt much overhead.You can find online businesses for sale on sites like BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected by financial markets and provide a steady stream of passive income.You can bid on royalties on your own website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous people rush to trademark their childrens names since 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 good domain name to purchase, but there are also methods to research what might be a great one.
You can purchase domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right 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 which can be hard when its your money on the line, and you think things should be done differently.You can search websites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire home or apartment, however there useful site arent restrictions on renting out a space in your property.
And theyll pay you! Airbnb connects those with 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, famous golf course, race track, or other venues where major sporting events have been held You can rent your home out to people attending these events through Rent Just like a Champion.You set the cost and availability of your rental.
The company provides up to $1,000,000 in insurance coverage which acts as your primary insurance policy for the time your home is rented out.The policy covers liability, structural damage, and harm to items and property. You are paid via direct deposit 5-6 business days following the guests look at here check out. The website currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those people who decides to begin a new hobby, then purchases all of the things you need to partake in that pastime, do it once and then recognize you despise it, and now youre stuck with all 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 room for all the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the same level of management as a rental property.The units are self-serve. People let themselves in and out of the units.
You can peruse storage facilities 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 them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which every person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing find out here now 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 get a livelihood. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are lots of fat people who want to be thin but that 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 good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , 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, healthy, and also magnetic.