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Purchase a Blog: Effort 3Flippa: You can also buy 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 ideal rental property.
You can peruse sites available in Flippa, and some can be obtained 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 deal with, and there isnt much overhead.You can find online businesses for sale on websites like BizBuySell.Buy Royalties: Effort 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced 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 hurry to trademark their childrens names since if someone is going to pimp 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 methods to research what could be a good one.
You can buy domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe right 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 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 need to keep silent which can be hard 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 really are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room in your property.
And theyll cover you! Airbnb connects those with space to rent to those looking for somewhere 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 have been held You can rent your house out to people attending those events through Rent Like a Champion.You set the cost and availability of your rental.
The company supplies up to $1,000,000 in insurance coverage which functions as your main insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and damage to items and property. You're paid via direct deposit 5-6 business days following the guests check this site out check out. The website currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those men and women who makes the decision to start a new hobby, then purchases all of the things you need to partake in that pastime, do it once and then realize you despise 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 room for all the stuff we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont require the exact same level 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 available at LoopNet.If you dont have the money to purchase or build a facility, you can invest in a REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which every 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 whole lot of lazy people browse around these guys who dont want to get real jobs but want to pretend to get a livelihood. These are the kinds of people you can recruit for your own pyramid scheme.
There are lots of fat men and women that want to be thin but that dont want to eat less and move more, so some kind of magic weight loss product like 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 prevent you This shake can help you lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you're good looking, fit, and charismatic.