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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People today sell successful sites for all sorts 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 great to refuse.It requires some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in 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 sites such as 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 your own site 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 ways to investigate what might be a great 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, 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 of us, 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 should be done differently.You can search websites such as Angel Investors Network for opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire house 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 people looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a college campus, renowned golf course, race track, or other venues in which significant sporting events have been held You can rent your house out to individuals attending these events through Rent Just like a Champion.You place the cost and availability of your rental.
The company supplies around $1,000,000 in insurance policy which functions as your primary insurance coverage for your time your home is rented out.The policy covers liability, structural damage, and damage to items and property. You are paid via direct deposit 5-6 helpful resources business days following the guests Recommended Reading check out. The website currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who makes the decision to begin a new hobby, then buys all the things you need to partake in that pastime, do it once and then recognize you despise it, and now youre stuck with all this expensive shitOr maybe you really do use your stuff, however you probably arent using it all of the time.
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And even that isnt enough space for all of the things we buy, so we need more storage space. There is almost no maintenance for storage units, 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 the units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to purchase or construct a centre, you can invest in a REIT that specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind 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 whole lot of lazy men and women who dont want to find real jobs but want to pretend to get a livelihood. These are the kinds of people that you can recruit for your 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 magic weight loss product such as a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to prevent read this post here you This shake will help you lose ten pounds overnight! This wrap will eliminate cellulite in only 2 weeks!It helps if you are good looking, fit, and charismatic.