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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 it, 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 peruse sites for sale 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 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: Attempt 2Had no idea this was a thing! Music ownership is managed via 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 people rush to trademark their childrens names since 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 ways to research what might be a good one.
You can purchase 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, but there are much more overhead and more moving parts. Therefore much more research has to be done than you needed to invest in an online business.
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For a number of us, this is harder than it sounds. When you agree to be a silent partner, you have 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 websites such as Angel Investors Network for opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of areas 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 pay you! Airbnb connects those with space to rent to people looking for somewhere to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a college campus, renowned golf course, race track, or other venues in which major sporting events have been held You can rent your home out to people attending these events through Rent Like a Champion.You place the price 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 house is rented out.The policy covers liability, structural damage, and damage to things and property. You are paid through 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 decides to start a new hobby, buys all of the stuff you need to partake in that pastime, do it once and then recognize you hate this, and now youre stuck with all 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 you could try this out room for all the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont need the exact same level 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 available in LoopNet.If you dont have the money to purchase or build a facility, you can invest in a REIT that specializes visit in them such as Public Storage or 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 Continued 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 very own pyramid scheme.
There are lots of fat people that want to be thin but that dont want to eat less and proceed, so some kind of magical 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 , whos going to prevent you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you are good looking, healthy, and also magnetic.