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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 blogs for all sorts of reasons; theyre tired of doing it, they no longer have enough time to do it, its not making enough money, or your offer was too good 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 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 more cheaply, and there arent a lot of any physical resources to address, and there isnt much overhead.You can find online businesses for sale on sites like BizBuySell.Buy Royalties: Attempt 2Had no thought that this was a thing! Music ownership is managed via royalties.
Royalty rights are not influenced by financial markets and provide 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 trademark their childrens names since 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 fantastic domain name to purchase, but there are also methods to investigate what could 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, 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 a number people, this is more difficult than it sounds. When you consent to be a silent partner, you need to keep silent that can be difficult when its your money on the line, and you think things should be done differently.You can search sites like Angel Investors Network for 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 space in your home.
And theyll pay you! website link Airbnb connects those with space to rent to those looking for somewhere to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues in which significant sporting events are held You can rent your house out to individuals attending these events through Rent Just like a Champion.You place the price and availability of your rental.
The company provides up to $1,000,000 in insurance policy which acts as your main insurance coverage for the time your home is rented out.The policy covers liability, structural damage, and damage to things and property. You're paid through direct deposit 5-6 business days after the guests check out. The website currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, then buys all of the stuff you need to partake in that pastime, do it once and then realize you hate it, and now youre stuck with all this expensive shitOr maybe you do use your things, however you probably recommended you read 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 more storage space. There's almost no maintenance for storage units, and they dont need the same level of management as a rental property.The units are self-serve. Folks let themselves in and outside of their units.
You can peruse read what he said storage centers available in LoopNet.If you dont have the money to buy or construct 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 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 a whole 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 that 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 such as a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, 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 only two weeks!It helps if you are good looking, healthy, and charismatic.