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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People 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 takes some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can peruse sites available in Flippa, and some can be obtained 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 address, and there isnt much overhead.You can find online businesses available on sites like BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and supply a steady stream 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 people hurry to signature their childrens names because if someone is going to pimp out 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 research 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 a number of us, this is more difficult than it sounds. When you agree to be a silent partner, you need 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 to get opportunities.Rent it OutYou can earn 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 room in your home.
And theyll pay 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: Do you live near a school campus, renowned golf course, race track, or other venues in which major sporting events have been held You can rent your home out to individuals attending those events through Rent Like a Champion.You set the price and availability of your rental.
The company supplies around $1,000,000 in insurance coverage which functions 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 site 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 start a new hobby, buys all of the things you need to partake in that pastime, do it once and then recognize you despise 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 room for all of the things we buy, so we need more storage space. There is 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 let themselves in and out of the units.
You can peruse storage facilities available in LoopNet.If you dont have the money to buy or build a facility, 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 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 men and women who dont want to find actual jobs but want to pretend to get a livelihood. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are a great deal of fat men get more and women that want to be thin but who dont want to eat less and proceed, so some kind of magic weight loss product like 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 you This shake can allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only two weeks!It helps if you're good looking, fit, and also magnetic.