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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People sell successful blogs for a variety of reasons; theyre tired of doing this, they no longer have enough 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 ideal rental property.
You can outsource websites available at Flippa, and some 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 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 such as BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected by financial markets and provide 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 people rush to trademark their childrens names because if someone is going to pimp out a infant, 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 ways to investigate 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 fantastic investment, however there are much more overhead and more moving parts. Therefore more research has to be done than you needed to invest in an online business.
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For a number people, this is harder than it sounds. When you agree to be a silent partner, you need to stay silent that can be difficult when its your money on the line, and you think things should be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out lots check my source of things.Rent a Room: Effort 2A lot of areas 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 pay you! Airbnb connects those with space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a school campus, famous golf course, race track, or other venues where major sporting events are 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 up to $1,000,000 in insurance coverage which functions as your main insurance policy for the time your home is rented out.The policy covers liability, structural damage, and damage to items and property. You're paid via direct deposit 5-6 business days after 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 people who decides to start a new hobby, then buys all of the stuff you need to partake in that pastime, do it once and then realize you despise this, 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 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 exact same amount of management as a rental property.The units are self-serve. People allow themselves in and outside of their units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to explanation purchase or build 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 in which each 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 men and women who dont want to get real 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 lots 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 like a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to prevent you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you're good looking, healthy, and charismatic.