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Buy a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People sell successful sites for a variety of reasons; theyre tired of doing this, they no longer have enough time to do it, its not making enough money, or your offer was too good to refuse.It takes some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in Flippa, and a few can be obtained for only a couple 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 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 like BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected by financial markets and provide a steady stream 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 because when someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to buy, but there are also methods to research what could be a great 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, however there are much more overhead and more moving parts. Therefore much 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 stay silent that 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 to get opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a space in your home.
And theyll cover you! Airbnb connects people who have space to rent to those looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a school campus, famous golf course, race track, or other venues in which significant sporting events are held You can rent your house out to individuals attending those events through Rent Like a Champion.You place the cost and availability of your rental.
The company provides up to $1,000,000 in insurance policy which acts as your primary insurance policy for your time your house is rented out.The policy covers liability, structural damage, and damage to items and property. You are 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 Materials: Effort 2Peer Renters: Are you one of those men and women who decides to start a new hobby, buys 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, however you probably arent using it all of 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 of management as a rental property.The units are self-serve. People let themselves in and outside of the units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to purchase or build a facility, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment where each person involved recruits others 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 real jobs but want to pretend to have a career. These are the kinds of people you can recruit for your very own pyramid scheme.
There are a great deal 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 go to website a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to stop you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in only 2 weeks!It helps if you are good looking, healthy, and charismatic.