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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today sell successful sites for a variety of reasons; theyre tired of doing this, they no longer have enough time to get it done, its not making enough money, or your offer was too good to refuse.It takes some research to find a blog worth buying though, kind of like choosing the right rental property.
You can peruse sites for sale at Flippa, and some can be had for just 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 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 by means of royalties.
Royalty rights are not affected by financial markets and supply a steady flow of passive income.You can bid on royalties on your own 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 when 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 fantastic domain name to buy, but there are also methods to research what might be a good one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a good investment, but there are much more overhead and more moving parts. Therefore more research must be done than you needed to invest in an online business.
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For some people, this is harder than it sounds. When you agree to become a silent partner, you need to stay silent which can be hard when its your money on the line, and you think things should be done differently.You can search sites like i thought about this Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire home or apartment, but check out this site there arent restrictions on renting out a space in your home.
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 Just Like a Champion: Can you live near a school campus, renowned golf course, race track, or other venues in which major sporting events are held You can rent your house out to people attending these events through Rent Just like a Champion.You place the price and availability of your rental.
The company provides up to $1,000,000 in insurance coverage which functions as your primary insurance policy for your time your home 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 website currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those people who decides to start a new hobby, then buys all of the stuff you need to partake in that pastime, do it once and then realize you despise it, and now youre stuck with this expensive shitOr perhaps you do use your things, however 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 websites they dont require the exact same level of management as a rental property.The units are self-serve. People allow themselves in and outside of their units.
You can peruse storage centers available at LoopNet.If you dont have the money to buy or construct a centre, 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 where every person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but both have been accused of being pyramid schemes.There are a lot of lazy men and women who dont want to find actual jobs but want to pretend to get a career. 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 that dont want to eat less and proceed, 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, with regulatory agencies gutted, whos going to stop 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 also magnetic.