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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today 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 requires some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in Flippa, and some 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 assets to deal with, 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 by means of royalties.
Royalty rights are not influenced by financial markets and supply a steady stream of passive income.You can bid on royalties on the website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women rush to signature their childrens names since if 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 fantastic domain name to purchase, but there are also methods to research what could be a great one.
You can buy domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a good investment, but there are a whole lot 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 a number of us, this is harder 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 websites 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 house or apartment, but there arent restrictions on renting out a room 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 in which major sporting events are 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 supplies around $1,000,000 in insurance coverage which acts as your primary insurance policy for your time your house is rented out.The policy covers liability, structural damage, and harm to things and property. You are paid through direct deposit 5-6 business days following the guests check out. The site currently has listings in 25 cities weblink in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who makes the decision to begin a new hobby, purchases all the things you need to partake in that pastime, do it once and then realize you despise it, and now youre stuck with all this expensive shitOr maybe 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 of the things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont need the exact same amount of management as a rental property.The units are self-serve. Folks allow themselves in and outside of the units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to purchase or construct a centre, 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 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 whole lot of lazy men and women who dont want to find actual jobs but want to pretend to have a livelihood. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are lots of fat people who want to be thin but who dont want to eat less and move more, so some kind of magic weight loss product like a shake or a body wrap are just two great ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to prevent you This shake can help you lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you're good looking, healthy, and also magnetic.