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Buy a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People sell successful blogs for a variety of reasons; theyre tired of doing this, they no longer have time to do it, 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 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 much 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 such as BizBuySell.Buy Royalties: Effort 2Had no thought that 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 your own site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women rush to trademark their childrens names since if someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck 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 about this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, but there are a whole lot 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 some people, this is more difficult than it sounds. When you agree to become a silent partner, you have to stay silent which can be difficult 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 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 home or apartment, but there arent restrictions on renting out a space in your property.
And theyll cover you! Airbnb connects people who have space to rent to people looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues in which significant sporting events are held You can rent your home out to people attending these events through Rent Like a Champion.You place the cost and availability of your rental.
The company supplies around $1,000,000 in insurance policy which acts 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 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 Stuff: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, purchases all 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 maybe you really do use your things, however you see this 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 need the exact same amount of management as a rental property.The units are self-serve. People let themselves in and out of the units.
You can peruse storage facilities for sale at LoopNet.If you dont have the money to buy or construct 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 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 men and women who dont want to get actual jobs but want to pretend to get a career. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are lots of fat people who want to be thin but that 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 good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies gutted, whos going to stop you This shake can allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only 2 weeks!It helps if you're good looking, fit, and charismatic.