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Purchase 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 time to do it, its not making enough money, or your offer was too good to refuse.It requires some research to find a site worth buying though, kind of like choosing the right rental property.
You can peruse sites for sale in Flippa, and a few can be had for only a few 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 idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected 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 baby, 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 purchase, but there are also ways to investigate what might 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, however there are a whole lot more overhead and more moving parts. Therefore more research has to be done than you needed to invest in an online business.
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For a number people, this is more difficult than it sounds. When you consent to become a silent partner, you need to stay 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 make money renting out plenty of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a room in your property.
And theyll pay you! Airbnb connects those with space to rent to those looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Do you live near a school campus, renowned browse around this web-site golf course, race track, or other venues in which major sporting events are held You can rent your home out to people attending those events through Rent Just like a Champion.You set the price and availability of your rental.
The company supplies up to $1,000,000 in insurance coverage which acts as your main insurance coverage for your time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You're 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 Materials: Effort 2Peer Renters: Are you one of those men and women who decides to start 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 this expensive shitOr perhaps you really do use your stuff, however you probably arent using it all the time.
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And even that isnt enough room for all of the things 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. Folks let themselves in and out of their units.
You can peruse storage facilities for sale at LoopNet.If you dont have the money to purchase 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 every person involved recruits others to join.
Herbalife and Amway call themselves multi-level marketing companies but both have been accused of being pyramid schemes.There are a whole lot of lazy people who dont want to find actual 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 a great deal of fat men and women who 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 two good 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 wrap will eliminate cellulite in only two weeks!It helps if you're good looking, fit, and also magnetic.