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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 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 site worth buying though, kind of like choosing the right rental property.
You can outsource websites available in Flippa, and some can be obtained for just 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 resources to address, and there isnt much overhead.You can find online businesses for sale on websites like 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 provide a steady flow 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 hurry to trademark their childrens names since if someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a fantastic domain name to buy, but there are also methods to investigate what could be a good one.
You can purchase domain names at Flippa. We interviewed Adam Dicker concerning 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 be a silent partner, you have 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 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 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 people looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Do you live near a college campus, famous golf course, race track, or other venues where major sporting events have been held You can rent your home out to people attending these events through Rent Like a Champion.You set the price and availability of your rental.
The company provides up to $1,000,000 in insurance coverage which functions as your main insurance coverage for the time your home is rented out.The policy covers liability, structural damage, and harm to items and property. You are paid through direct deposit 5-6 business days following the guests check out. The website 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, then purchases all of the stuff you need to partake in that pastime, do it once and then realize you hate 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. her comment is here There's 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 let themselves in and outside of the units.
You can peruse storage facilities available 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 where each person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused check out this site of being pyramid schemes.There are a lot of lazy men and women who dont want to find real jobs but want to pretend to get a livelihood. 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 who dont want to eat less and proceed, so some kind of magical weight loss product such as a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to stop you This shake can help you lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you are good looking, healthy, and also magnetic.