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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People today sell successful sites for all sorts of reasons; theyre tired of doing it, 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 right 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 assets to deal with, and there isnt much overhead.You can find online businesses available on sites like BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected 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 people rush to signature their childrens names because when someone is going to pimp a infant, 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 buy, but there are also ways to research what might be a great 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, however 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 some people, this is harder than it sounds. When you agree to become a silent partner, you need to keep silent that can be hard when its your money you can check here 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 areas 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 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 in which significant sporting events have been held You can rent your home out to individuals attending those events through Rent Just click this link 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 coverage for your time your home 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 after 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 people who decides to start a new hobby, then buys all the things you need to partake in that pastime, do it once and then recognize 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 of the time.
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And even that isnt enough room for all the stuff 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. People let themselves in and outside of the units.
You can peruse storage facilities available at 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 where each person involved recruits other people to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused of being pyramid schemes.There are reference a whole lot of lazy people who dont want to find real jobs but want to pretend to have a career. These are the kinds of people 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 magic weight loss product like a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to stop you This shake will allow you to lose ten pounds overnight! This wrap will eliminate cellulite in just two weeks!It helps if you're good looking, healthy, and charismatic.