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Buy a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today sell successful sites for a variety of reasons; theyre tired of doing it, they no longer have 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 blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in Flippa, and a few can be obtained for just 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 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 like BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and supply a steady stream 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 signature their childrens names since if someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a fantastic domain name to purchase, but there are also ways to research what might be a great one.
You can purchase domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, however there are much 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 people, this is more difficult than it sounds. When you consent to be a silent partner, you have to keep silent that can be hard when its your money on the line, and you think things should be done differently.You can search sites like Angel Investors Network to get 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 those looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a college campus, renowned golf course, race track, or other venues where significant sporting events have been held You can rent your home out to people attending those events through Rent Just like a Champion.You place the cost and availability of your rental.
The company provides around $1,000,000 in insurance coverage which acts as discover this your main insurance policy for the time your house is rented out.The policy covers liability, structural damage, and harm to items and property. You're paid through direct deposit 5-6 business days after the guests check out. The site 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 begin a new hobby, buys all 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 perhaps you really do use your things, 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 exact same amount of management as a rental property.The units are self-serve. People let themselves in and outside of the units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to buy or build a centre, you can invest in a REIT that specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which each person involved recruits others to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused of being pyramid schemes.There are a lot of lazy men and women who dont want to find actual jobs but want to pretend to have a career. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are lots of fat men and women who want to be thin but who dont want to eat less and proceed, 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, together with regulatory agencies gutted, whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you are good looking, fit, and charismatic.