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Buy a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today sell successful blogs for all sorts 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 blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available at Flippa, and a few can be obtained for just a couple 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 resources to deal with, and there isnt much overhead.You can find online businesses available on websites like BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected 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 men and women hurry to signature their childrens names because when someone is going to pimp out a infant, 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 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 agree to be a silent partner, you need to stay 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 really are cracking down on renting out an entire house or apartment, but there arent restrictions on renting try this out out a space in your home.
And theyll pay you! Airbnb connects people who have space to rent to people looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a school campus, renowned golf course, race track, or other venues where major sporting events are held You can rent your house out to individuals 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 policy which acts as your primary insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and harm to items and property. You are paid via direct deposit 5-6 business days after the guests check out. The website currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, then purchases all the things you need to partake in that pastime, do it once and then go now recognize you despise this, and now youre stuck with all this expensive shitOr perhaps you really do use your stuff, but you probably arent using it all the time.
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And even that isnt enough room for all of the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the same level of management as a rental property.The units are self-serve. People allow themselves in and out of their units.
You can peruse storage centers available at 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 kind of investment where each 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 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 very own pyramid scheme.
There are a great deal of fat people that want to be thin but that 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 two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to prevent you This shake can help you lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you are good looking, fit, and charismatic.