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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that's already making money. People today sell successful blogs for a variety of reasons; theyre tired of doing it, they no longer have time to get it done, 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 ideal rental property.
You can peruse sites available at Flippa, and a few can be had for only a few 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 resources to address, 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 provide 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 hurry to trademark their childrens names since when someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to buy, but there are also methods to research 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 good investment, but there are a whole lot 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 some of us, this is more difficult 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 ought to be done differently.You can search websites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire home or apartment, however there arent restrictions on renting out a space in your property.
And theyll cover you! Airbnb connects people who have space to rent to people looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a school campus, renowned golf course, race track, or other venues where significant sporting events have been held navigate here You can rent your home out to people attending those events through Rent Just like a Champion.You place the cost and availability of your rental.
The company supplies 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 Go Here covers liability, structural damage, and damage to items 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 in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those men and women who makes the decision 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 really do use your things, but you probably arent using it all the time.
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And even that isnt enough room for all of the stuff we buy, so we need 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 outside of their units.
You can peruse storage facilities for sale in LoopNet.If you dont have the money to buy or build 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 where every person involved recruits other people to join.
Herbalife and Amway Visit This Link call themselves multi-level marketing companies but both have been accused of being pyramid schemes.There are a whole lot of lazy people who dont want to find real jobs but want to pretend to get a career. These are the kinds of people that you can recruit for your very own pyramid scheme.
There are a great deal of fat people that want to be thin but who dont want to eat less and proceed, so some kind of magical weight loss product such as a shake or a body wrap are two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies gutted, whos going to prevent you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just 2 weeks!It helps if you are good looking, healthy, and charismatic.