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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today sell successful blogs for all sorts of reasons; theyre tired of doing this, they no longer have enough time to do it, 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 right rental property.
You can outsource websites for sale at Flippa, and some can be obtained for only 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 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 websites such as BizBuySell.Buy Royalties: Effort 2Had no thought that 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 website 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 since when someone is going to pimp out a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to purchase, but there are also methods to investigate what could 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 agree to become a silent partner, you have to stay 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 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 cover you! Airbnb connects those with space check out this site to rent to those looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a school campus, renowned golf course, race track, or other venues in which significant sporting events have been held You can rent your house out to individuals attending those 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 coverage which acts as your primary insurance coverage for your 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 Stuff: Effort 2Peer Renters: Are you one of those men and women who makes the decision to start a new hobby, purchases all of the stuff you need to partake in that pastime, do it once and then realize you despise this, and now youre stuck with this expensive shitOr maybe you do use your things, however you probably arent using it all of the time.
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And even that isnt enough room for all the stuff we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont require 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 facilities for sale at LoopNet.If you dont have the money to buy or build a centre, you can invest in a REIT why not try these out that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which every person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but both have been accused of being pyramid schemes.There are a lot of lazy people who dont want to find real jobs but want to pretend to have a livelihood. These are the kinds of people you can recruit for your own pyramid scheme.
There are a great deal of fat men and women that want to be thin but that dont want to eat less and proceed, so some kind of magical weight loss product like a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies gutted, whos going to prevent you This shake will help you lose ten pounds overnight! This wrapping will eliminate cellulite in just have a peek at this website two weeks!It helps if you're good looking, healthy, and charismatic.