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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People 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 good to refuse.It takes some research to find a site worth buying though, kind of like choosing the right rental property.
You can peruse sites for sale in Flippa, and some can be obtained for only a couple 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 deal with, and there isnt much overhead.You can find online businesses available on sites like 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 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 because if 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 research what could be a good one.
You can purchase domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right 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 become a silent partner, you need to stay silent that can be hard when its your money on the line, and you think things you can try these out should be done differently.You can search websites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a room in your property.
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 Just Like a Champion: Do you live near a college campus, famous 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 place the price and availability of your rental.
The company provides around $1,000,000 in insurance coverage which functions as your main insurance policy for your time your home is rented reference out.The policy covers liability, structural damage, and damage to items and property. You're paid through direct deposit 5-6 business days following 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 people who decides to begin a new hobby, purchases all of the things you need to partake in that pastime, do it once and then realize 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 the time.
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And even that isnt enough space for all the stuff we buy, so we need find out here more storage space. There's almost no maintenance for storage units, and they dont need the same amount of management as a rental property.The units are self-serve. People let themselves in and out of their units.
You can peruse storage centers for sale in LoopNet.If you dont have the money to buy or build a facility, you can invest in a REIT that specializes in those like 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 get a livelihood. These are the kinds of people you can recruit for your own pyramid scheme.
There are a great deal of fat people 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 just two good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies gutted, whos going to stop you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in only 2 weeks!It helps if you're good looking, healthy, and also magnetic.