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Buy a Blog: Effort 3Flippa: You can also buy 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 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 for sale at Flippa, and some can be obtained for just 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 much 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 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 the website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous people rush to signature their childrens names since 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 good domain name to purchase, but there are also methods to research what could be a good 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, 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 agree to become a silent partner, you have 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 such as Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire house or apartment, but 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 a place to stay. We wrote an article on the process.Rent Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues in which major sporting events are held You can rent your house out to click here for more people attending these 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 acts as your primary insurance policy for your time your house is rented out.The policy learn this here now covers liability, structural damage, and damage to things and property. You're paid via direct deposit 5-6 business days following 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 people who decides to start a new hobby, then purchases all of the things you need to partake in that pastime, do it once and then recognize you hate it, and now youre stuck with all 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 of the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the 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 centers available in LoopNet.If you dont have the money to purchase or construct a facility, 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 where each person involved recruits others to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused of being pyramid schemes.There are a lot of lazy men and look at this website women who dont want to get real jobs but want to pretend to have a livelihood. These are the kinds of people you can recruit for your very own pyramid scheme.
There are lots of fat men and women that 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 good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in only 2 weeks!It helps if you're good looking, healthy, and also magnetic.