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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People sell successful sites for all sorts 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 great to refuse.It requires some research to find a blog worth buying though, kind of like choosing the right rental property.
You can outsource websites available at Flippa, and some can be had for just 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 deal with, and there isnt much overhead.You can find online businesses for sale 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 influenced by financial markets and provide 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 rush to signature their childrens names because when 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 ways to investigate what could be a great one.
You can buy 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 more research must be done than you needed to invest in an online business.
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For a number people, this is harder than it sounds. When you consent to become a silent partner, you need to keep silent which 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 for opportunities.Rent it OutYou can earn money renting out plenty of things.Rent a Room: Effort 2A lot of places are cracking navigate to this website down on renting out an entire home or apartment, however there arent restrictions on renting out a space in your property.
And theyll cover you! Airbnb connects those with space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a school campus, renowned golf course, race track, or other venues where major sporting events are held You can rent your house out to individuals attending these events through Rent Just like a Champion.You place the cost and availability of your rental.
The company provides around $1,000,000 in insurance policy which functions as your primary insurance policy for the time your home is rented out.The policy covers liability, structural damage, and damage to items and property. You are paid via direct deposit 5-6 business days following 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 men and women who makes the decision to begin a new hobby, buys all of the stuff you need to partake in that pastime, do it once and then realize you despise it, and now youre stuck with all this expensive shitOr maybe you do use your things, however you probably arent using it all of 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 exact same amount of management as a rental property.The units are self-serve. People allow themselves in and outside of the units.
You can peruse storage centers available in LoopNet.If you dont have the money to purchase or construct a centre, 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 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 get 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 proceed, so some kind of magic weight loss product such as 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 prevent you This shake will allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only 2 weeks!It helps if you're good looking, fit, and also magnetic.