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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that's already making money. People today sell successful blogs for a variety of reasons; theyre tired of doing it, 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 ideal rental property.
You can peruse sites for sale in Flippa, and some can be obtained for only 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 available on sites 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 influenced 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 rush to trademark their childrens names since when someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to purchase, but there are also ways to investigate what might be a great one.
You can purchase 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, however 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 more difficult than it sounds. When you agree to become a silent partner, you have to keep silent that can be difficult when its your money on the line, and you think things ought to be done differently.You can search sites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire house 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 those 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 where significant sporting events have been held You can rent your home out to people attending these events through Rent Just like a Champion.You place the cost and availability of your rental.
The company supplies up to $1,000,000 in insurance policy which acts as your main insurance policy for your time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You're 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 decides to begin a new hobby, then buys all of the things you need to partake in that pastime, do it once and then realize you hate it, and now youre stuck with all this expensive shitOr maybe you 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 the things we buy, so we need more storage space. There is almost no maintenance for storage units, website link and they dont need the exact same level of management as a rental property.The units are self-serve. Folks allow themselves in and outside of their units.
You can peruse storage facilities for sale at LoopNet.If you dont have the money to purchase or construct a centre, you can invest in a REIT that specializes in them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which each 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 get real jobs but want to pretend to have a livelihood. These are the kinds of people you can recruit for your very own pyramid scheme.
There are a great deal of fat people that want to be thin but who dont want to eat less and proceed, so some kind of magical weight loss product like a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to stop you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you are good looking, healthy, and charismatic.