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Buy a Blog: Effort 3Flippa: You can also buy an existing blog that's already making money. People today sell successful blogs for all sorts 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 requires some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can outsource websites for sale in Flippa, and some can be obtained for only 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 more cheaply, and there arent a lot of any physical resources to address, and there isnt much overhead.You can find online businesses available on sites 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 supply a steady flow 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 men and women hurry to trademark their childrens names because when someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some chance involved in choosing a fantastic domain name to purchase, but there are also ways to investigate what could be a great one.
You can purchase 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, but there are much more overhead and more moving parts. Therefore much 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 consent to become 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 websites like Angel Investors Network for opportunities.Rent it OutYou can earn money renting out lots 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 space in your home.
And theyll pay you! Airbnb connects people who have space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a school my website campus, famous golf course, race track, or other venues in which major sporting events are held You can rent your home out to people attending those events through Rent Just like a Champion.You set the cost and availability of your rental.
The company supplies up to $1,000,000 in insurance coverage which functions as your main insurance policy for your time your home is rented out.The policy covers liability, structural damage, and harm to things and property. You are paid via direct deposit 5-6 business days following 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 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 perhaps you really do use your things, but you probably arent using it all of the time.
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And even that isnt enough space for all the stuff 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. 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 buy or construct a centre, you can invest in a REIT that specializes in them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which each person involved recruits other people dig this 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 have a career. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are lots the original source of fat people that want to be thin but who dont want to eat less and move more, so some kind of magical weight loss product like a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, together 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 just 2 weeks!It helps if you are good looking, fit, and charismatic.