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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 blogs for all sorts of reasons; theyre tired of doing this, they no longer have time to do it, its not making enough money, or your offer was too good to refuse.It takes some research to find a blog worth buying though, kind of like choosing the right rental property.
You can peruse sites available 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 much 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 such as BizBuySell.Buy Royalties: Attempt 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 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 since if someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a fantastic domain name to buy, but there are also methods to investigate what might be a great one.
You can purchase domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, but 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 of us, this is harder than it sounds. When you agree to become a silent partner, you have to stay 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 earn 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, but there arent restrictions on renting out a space in your property.
And theyll cover you! Airbnb connects those with space to rent to those looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Do you live near a school campus, famous 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 Like a Champion.You set 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 the time your home is rented out.The policy covers liability, structural damage, and damage to items and property. You are paid through direct deposit 5-6 business days after the guests check out. The site currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who decides to begin a new hobby, buys all of the things you need to partake in that pastime, do it once and then realize you hate this, and now youre stuck with this expensive shitOr maybe 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 things we buy, so we need more storage space. There's 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 let themselves in and out of their units.
You can peruse storage facilities available at LoopNet.If you dont have the money to buy or build a facility, you can invest in a REIT that specializes in them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment where each person involved recruits others 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 get real jobs but want to pretend to get a livelihood. These are the kinds of people that you can recruit for your 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 like my review here a shake or a body wrap are 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 just 2 weeks!It helps if you're good looking, fit, and also magnetic.