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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People sell successful blogs for all sorts of reasons; theyre tired of doing it, they no longer have enough time to get it done, 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 outsource websites available at Flippa, and some can be had for only a few 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 available on sites such as BizBuySell.Buy Royalties: Effort 2Had no thought that this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not influenced by financial markets and supply a steady flow of passive income.You can bid on royalties on your own site 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 when someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a fantastic domain name to buy, but there are also ways to research what might be a good one.
You can purchase domain names at Flippa. We interviewed Adam Dicker about 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 much more research has to be done than you needed to invest in an online business.
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For some of us, this is harder than it sounds. When you consent to be a silent partner, you need to stay silent which 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 for opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a space 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: Do 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 these events through Rent Like a Champion.You set the price and availability of your rental.
The company supplies up to $1,000,000 in insurance policy which acts as your primary insurance policy for the time your house is rented out.The policy covers liability, structural damage, and navigate to this website 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 view website Stuff: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, buys all of the stuff you need to partake in that pastime, do it once and then recognize you despise this, and now youre stuck with this expensive shitOr maybe you do use your stuff, but you probably arent using it all the time.
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And even that isnt enough space for all of the things we buy, so we need more storage space. There is 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 allow themselves in and out of their units.
You can peruse storage centers available 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 kind of investment in which every person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but both have been accused of being pyramid schemes.There are a whole why not find out more lot of lazy men and women who dont want to get actual jobs but want to pretend to get a career. These are the kinds of people you can recruit for your very own pyramid scheme.
There are a great deal of fat men and women that want to be thin but that dont want to eat less and move more, so some kind of magic weight loss product like a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only two weeks!It helps if you're good looking, fit, and charismatic.