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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People sell successful sites for a variety of reasons; theyre tired of doing this, 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 some can be had 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 assets 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 site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous people rush 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 luck involved in choosing a good domain name to purchase, but there are also ways to investigate what could be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker about 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 a number people, this is harder than it sounds. When you consent to be a silent partner, you have to stay silent that can be difficult when its your money on the line, and you think things ought to Visit This Link be done differently.You can search sites such as Angel Investors Network to get 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, but 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 school campus, renowned golf course, race track, or other venues in which significant sporting events are 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 supplies up to $1,000,000 in insurance policy which functions as your main insurance policy for your time your house is rented out.The policy covers liability, structural damage, and damage to items and property. You're 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 Materials: Effort 2Peer Renters: Are you one of those men and women who makes the decision to start a new hobby, purchases all of the things you need to partake in that pastime, do it once and then realize you hate it, and now youre useful site stuck with this expensive shitOr perhaps you really do use your stuff, however you probably arent using it all 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 is almost no maintenance for storage units, and they dont require the exact same level of management as a rental property.The units are self-serve. People allow themselves in and outside of the units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to purchase or construct a centre, you can invest in a REIT that find this specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which 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 find real jobs but want to pretend to get a livelihood. These are the kinds of people you can recruit for your very own pyramid scheme.
There are lots of fat people that 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 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 can help you lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you are good looking, healthy, and charismatic.