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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People sell successful sites for a variety 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 good to refuse.It requires some research to find a site worth buying though, kind of like choosing the right rental property.
You can peruse sites available in Flippa, and a few can be had 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 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 affected by financial markets and supply a steady flow of passive income.You can bid on royalties on the site Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women rush 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 luck involved in choosing a good domain name to purchase, but there are also ways to investigate what might be a great one.
You can purchase 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 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 a number people, this is harder than it sounds. When you agree to be a silent partner, you need 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 sites like Angel Investors Network for opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of areas are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a room in your home.
And theyll pay you! Airbnb connects those with space to rent to people looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a college campus, renowned golf course, race track, or other venues where major sporting events have been held You can rent your home 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 your time your house is rented out.The policy covers liability, structural damage, and harm to things and property. You're paid through direct deposit 5-6 business days following 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 men and women who makes the decision to begin a new hobby, then purchases all of the stuff you need to partake in that pastime, do it once and then recognize you despise this, and now youre stuck with all this expensive shitOr perhaps you do use your things, however you probably arent using it all of the time.
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And even that isnt enough room for all the things we buy, so we need more storage space. There is almost no maintenance for storage units, learn this here now and they dont require the same level of management as a rental property.The units are self-serve. Folks allow themselves in and outside of their units.
You can peruse storage facilities available in LoopNet.If you dont have the money to purchase or build a centre, you can invest in a REIT that specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which every 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 whole lot of lazy men and women who dont want to find actual jobs but want to pretend to have a career. These are the kinds of people you can recruit for your own pyramid scheme.
There are a great deal of fat men and women that want to be thin but that dont want to eat less and move more, so some kind of magical weight loss product such as a shake or a body wrap are just two good ideas.Make all kinds of crazy claims about your product, with regulatory agencies , whos going to prevent you This shake can help you lose ten pounds overnight! This wrap will eliminate cellulite in only two weeks!It helps if you're good looking, fit, more tips here and charismatic.