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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that's already making money. People 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 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 for sale at Flippa, and a few can be obtained for just 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 address, and there isnt much overhead.You can find online businesses for sale on websites like BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected by financial markets and supply a steady stream 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 signature their childrens names because if someone is going to pimp 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 buy, 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 good investment, however there are much more overhead and more moving parts. Therefore more research has to be done than you needed to invest in an online business.
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For a number people, this is more difficult than it sounds. When you consent to be a silent partner, you need to keep silent which can be hard when its your money on the line, and you think things should be done differently.You can search sites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a space in your property.
And theyll cover 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 Just Like a Champion: Do 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 house out to individuals attending those events through Rent Just like a Champion.You set the cost and availability of your rental.
The company supplies around $1,000,000 in insurance coverage which acts as your primary insurance policy for the 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 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 decides to click resources start a new hobby, then purchases all of the stuff you need to partake in that pastime, do it once and then recognize you despise it, and now youre stuck with this expensive shitOr perhaps you do use your things, however you probably arent using it all 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's almost no maintenance for storage units, and they dont require the same amount of management as a rental property.The units are self-serve. Folks allow themselves in and out of their units.
You can peruse storage centers available in LoopNet.If you dont have the money to buy or build a facility, you can invest in a REIT that specializes in those such as 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 lot of lazy men and women who dont want to find real jobs but want to pretend to have a career. These are the kinds of people you can recruit for your very own pyramid scheme.
There are a great deal of fat people who want to be thin but who dont want to eat less and move more, so some kind of magical weight loss product such as a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , 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, fit, and charismatic.