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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People sell successful blogs for a variety of reasons; theyre tired of doing this, they no longer have time to get it done, its not making enough money, or your offer was too great to refuse.It takes some research to find a blog worth buying though, kind of like choosing the right rental property.
You can outsource websites available at 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 more cheaply, and there arent a lot of any physical assets to address, and there isnt much overhead.You can find online businesses for sale on sites like BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not influenced by financial markets and supply 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 rush to trademark their childrens names because 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 fantastic domain name to buy, but there are also ways to research what might be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning 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 much more research has to 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 consent to become a silent partner, you need 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 sites such as Angel Investors Network for opportunities.Rent it OutYou can earn 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, but there arent restrictions on renting out a room in your property.
And theyll pay you! Airbnb connects people who have space to rent to people looking for somewhere 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 where significant sporting events are held You can rent your house out to people attending those events through Rent Like a Champion.You place the price and availability of your rental.
The company supplies around $1,000,000 in insurance coverage which acts as your primary insurance browse around this site coverage 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 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 begin a new hobby, then purchases all the things you need to partake in that pastime, do it once and then realize you hate this, and now youre stuck with this expensive shitOr maybe you do use your stuff, but you probably arent using it all of the time.
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And even that isnt enough space for all of the stuff we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont discover this info here require the exact same amount of management as a rental property.The units are self-serve. People allow themselves in and out of the units.
You can peruse storage centers for sale in LoopNet.If you dont have the money to purchase or build 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 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 men and women who dont want to get actual jobs but want to pretend to have a livelihood. These are the kinds of people that you can recruit for your own pyramid scheme.
There are a great deal of fat people that want to be thin but who dont want to eat less and move more, so some kind of magic weight loss product such as a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to stop you This shake will help you lose ten pounds overnight! This wrapping will eliminate cellulite in just two weeks!It helps if you're good looking, healthy, and charismatic.