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Buy a Blog: Effort 3Flippa: You can also buy an existing blog that's already making money. People sell successful blogs for all sorts 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 blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites for sale at Flippa, and a few can be had for only a couple 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 for sale on sites such as 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 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 men and women hurry to signature their childrens names because if someone is going to pimp out a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to purchase, but there are also methods to research what could be a good one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, but there are much more overhead and more moving parts. Therefore more research must 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 need to stay silent which can be hard when its your money on the line, and you think things ought to be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room 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 significant sporting events are held You can rent your home out to individuals attending these events through Rent Just like a Champion.You place the cost and availability of your rental.
The company supplies up to $1,000,000 in insurance coverage which functions as your primary insurance coverage for the time your home is rented out.The policy covers liability, structural damage, and harm to things 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 Find Out More in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who decides to start a new hobby, then purchases all the stuff 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 perhaps you really do use your things, but you probably arent using it all the time.
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And even that isnt enough space for all of the stuff 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. Folks let themselves in and outside of the units.
You can peruse storage centers available 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 every person involved recruits other people 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 people 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 a great deal 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 such as 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 stop you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you are good looking, healthy, and charismatic.