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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People today sell successful sites for all sorts of reasons; theyre tired of doing it, they no longer have enough 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 some can be obtained for just a few dollars.Buy an Existing Business: Effort 3The barrier to buying an online business is much 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 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 affected by financial markets and supply 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 rush to signature their childrens names because if someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a fantastic domain name to purchase, but there are also ways to research what might be a good one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a fantastic investment, however there are a whole lot 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 some people, this is more difficult than it sounds. When you agree to become a silent partner, you have to stay silent which 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 earn money renting out plenty of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room in your home.
And theyll cover you! Airbnb connects those with 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 in which 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 price and availability of your rental.
The company supplies up to $1,000,000 in insurance i loved this policy which functions as your primary insurance coverage for your time your home is rented out.The policy covers liability, structural damage, and harm to things 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 Stuff: Effort 2Peer Renters: Are you one of those men and women who makes the decision to start a new hobby, purchases all of the stuff 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 things, but you probably arent using it all the time.
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And even that isnt enough space for all the things we buy, so we need more storage space. There's 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 outside of the units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to buy or build a facility, you can invest in a REIT that specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which every 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 people who dont want to get real jobs but want to pretend to have a career. These are the kinds of people that you can recruit for your own pyramid scheme.
There are lots 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 just two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to stop you This shake can allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only 2 weeks!It helps if you are good looking, fit, and also magnetic.