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Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today sell successful sites 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 site worth buying though, kind of like choosing the right rental property.
You can outsource websites available at Flippa, and a few can be had for just a couple 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 assets 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 supply a steady stream 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 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 some internet nerd.There is some chance involved in choosing a fantastic 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 good investment, but there are much more overhead and more moving parts. Therefore more research has to be done than you needed to invest in an online business.
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For some people, this is more difficult than it sounds. When you agree to be a silent partner, you need to keep silent which can be hard when its your money on the line, and you think things ought to Website be done differently.You can search sites such as Angel Investors Network for opportunities.Rent it OutYou can earn money renting out plenty 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 home.
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, famous golf course, race track, or other venues where significant sporting events have been held You can rent your house out to people attending those events through Rent Just like a Champion.You set the cost and availability of your rental.
The company provides up to $1,000,000 in insurance coverage which functions 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 are paid via 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 men and women who decides to start a new hobby, buys all 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 perhaps you really do use your stuff, however you probably arent using it all 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 click to read more units, and they dont need the same amount of management as a rental property.The units are self-serve. Folks let themselves in and outside of their units.
You can peruse storage centers available at LoopNet.If you dont have the money to purchase or build 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 both have been accused of being pyramid schemes.There are a lot of lazy people who dont want to find actual jobs but want to pretend to have a livelihood. These are the kinds of people that you can recruit for your own pyramid scheme.
There are lots of fat people who want to be thin but that dont want to eat less and proceed, so some kind of magic weight loss product such as a shake or visit the site a body wrap are just two great ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to stop you This shake will help you lose ten pounds overnight! This wrapping will eliminate cellulite in just two weeks!It helps if you're good looking, fit, and charismatic.