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Purchase a Blog: Effort 3Flippa: You can also get an existing blog that is already making money. People today sell successful blogs 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 takes some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can peruse sites available in 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 much 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 deal with, and there isnt much overhead.You can find online businesses for sale on websites such as BizBuySell.Buy Royalties: Effort 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 stream 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 men and women rush to signature their childrens names because when someone is going to pimp out a baby, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a good domain name to purchase, but there are also ways to research what might be a great one.
You can purchase domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe right brick and mortar business can be a fantastic investment, but there are much 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 people, this is more difficult than it sounds. When you consent to be a silent partner, you have to stay silent that can be hard when its your money on the line, and you think things should be done differently.You can search websites like Angel Investors Network for opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of places really are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a room 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 Like a Champion: Can you live near a college campus, famous golf course, race track, or other venues in which major sporting events have been held You can rent your home out to people attending these events through Rent Like a Champion.You place the price and availability of your rental.
The company supplies up to Residual Income In Czech Republic - Passive Residual Income $1,000,000 in insurance policy which acts as your primary insurance coverage for your time your home is rented out.The policy covers liability, structural damage, and harm to items and property. You're 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 people who makes the decision to start a new hobby, then buys all of the stuff you need to partake in that pastime, do it once and then recognize you hate it, and now youre stuck with all this expensive shitOr perhaps you do use your stuff, however you probably arent using it all of the time.
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And even that isnt enough space 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 level of management as a rental property.The units are self-serve. People let themselves in and outside of the units.
You can peruse storage centers for sale at official statement LoopNet.If you dont have the money to buy or construct a centre, you can invest in a REIT that specializes in them like Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a kind of investment in which each 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 get real jobs but want to pretend to get a career. These are the kinds of people you can recruit for your own pyramid scheme.
There are lots 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, together with regulatory agencies , whos going to prevent you This shake can 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.