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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 a variety of reasons; theyre tired of doing this, they no longer have enough 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 right rental property.
You can peruse sites 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 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: Attempt 2Had no idea 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 trademark their childrens names because when 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 good domain name to purchase, but there are also ways to research what might be a great 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 has to 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 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 websites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a room in your property.
And theyll cover you! Airbnb connects people who have space to rent to those important site 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 major sporting events have been held You can rent your home out to people attending those events through Rent Like a Champion.You set the cost and availability of your rental.
The company supplies around $1,000,000 in insurance policy which functions as your main insurance coverage for your time your house 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 following 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 begin a new hobby, then purchases all the stuff you need to partake in that pastime, do it once and then realize you hate it, and now youre stuck with all this expensive shitOr maybe 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 the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the same amount browse around here of management as a rental property.The units are self-serve. Folks allow themselves in and out of the units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to buy or build a centre, you can invest in a REIT that specializes in those such as Public Storage or go to website ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment where 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 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 own pyramid scheme.
There are lots of fat people that want to be thin but who dont want to eat less and move more, so some kind of magic 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 gutted, whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you are good looking, healthy, and charismatic.