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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People today sell successful blogs 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 good to refuse.It requires some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can peruse sites 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 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 sites such as BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and supply 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 hurry to signature their childrens names since if someone is going to pimp a baby, 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 investigate what might be a good 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 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 a number of us, this is harder than it sounds. When you consent to be a silent partner, you need to stay silent which can be hard when its your money on the line, and you get more think things should be done differently.You can search websites such as Angel Investors Network for 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, however there arent restrictions on renting out a space in your home.
And theyll pay you! Airbnb connects those with space to rent to people looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues where significant sporting events have been 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 provides around $1,000,000 in insurance coverage which acts as your primary insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and harm to things and property. You are paid via 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 people who decides to begin a new hobby, then purchases all of the things you need to partake in that pastime, do it once and then recognize you despise this, and now youre stuck with all this expensive shitOr maybe visit our website you do use your stuff, but you probably arent using it all the time.
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And even that isnt enough room for all of the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont need the same level of management as a rental property.The units are self-serve. Folks allow themselves in and out of the units.
You can peruse storage facilities available in LoopNet.If you dont have the money to buy 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 form 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 career. These are the kinds of people you can recruit for your own pyramid scheme.
There are lots of fat men and women who want to be thin but that dont want to eat less and move more, so some kind of magical weight loss product like a shake or a body wrap are two great ideas.Make all kinds of crazy claims click here now about your product, with regulatory agencies , whos going to prevent you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you're good looking, healthy, and also magnetic.