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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today 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 good to refuse.It requires 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 had 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 much more cheaply, and there arent a lot of any physical assets to address, and there isnt much overhead.You can find online businesses available on websites like BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected by financial markets and supply 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 signature their childrens names because if someone is going to pimp out 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 buy, but there are also methods to research what could 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 good investment, but there are a whole lot 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 a number of us, this is more difficult than it sounds. When you agree 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 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 of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire house or apartment, however 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 college campus, renowned golf course, race track, or other venues in which major sporting events are held You can rent your house out to individuals attending those events through Rent Just like a Champion.You set the cost and availability of your rental.
The company provides around $1,000,000 in insurance policy which acts as your primary insurance coverage for your time your house is rented out.The policy covers liability, structural damage, and harm to items and property. You are 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 Stuff: Effort 2Peer Renters: Are you one of those people who decides to begin a new hobby, purchases all the things 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 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's almost no linked here maintenance for storage units, and they dont require the same level of management as a rental property.The units redirected here are self-serve. People let themselves in and out of their units.
You can peruse storage facilities available in LoopNet.If you dont have the money to purchase or construct a centre, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment where 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 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 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 like a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to stop you This shake will allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only 2 weeks!It helps if you are good looking, healthy, and charismatic.