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In larger towns, it will often be more and in smaller towns, sometimes a little less.The appeal of Uber is you can set your program and there is no commitment. You can perform your normal job and produce your own $100 in only a few hours on a weekend or some evenings.Buy a BusinessesAmericans spend an average of five hours watching TV every day.
Buy a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People today sell successful blogs for all sorts of reasons; theyre tired of doing this, they no longer have 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.
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You can peruse sites available at Flippa, and some can be obtained for just 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 such as BizBuySell.Buy Royalties: Attempt 2Had no idea 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 signature their childrens names since when someone is going to pimp out a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck involved in choosing a fantastic domain name to purchase, but there are also methods to research what could be a good one.
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You can purchase domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe right brick and mortar business can be a good investment, but there are much more overhead and more moving parts. Therefore much more research has to be done than you needed to invest in an online business.
For some of us, this is more difficult than it sounds. When you consent to become a silent partner, you need to stay silent which can be difficult when its your money on the line, and you think things should be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire house or apartment, however there arent restrictions on renting out a room 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 Like a Champion: Can you live near a school campus, renowned golf course, race track, or other venues where significant sporting events are held You can rent your home out to individuals attending these events through Rent Like a Champion.You set the cost and availability of your rental.
The company provides around $1,000,000 in insurance coverage which functions as your primary insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You are paid via direct deposit 5-6 business days following the guests check out. The website currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those men and women who decides to begin a new hobby, then buys all of 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 maybe you do use your stuff, but 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 is almost no maintenance for storage units, and they dont require the browse this site 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 centers for sale at LoopNet.If you dont have the money to buy or construct a centre, you can invest in a REIT that specializes in those like Public Storage or ExtraSpace Storage Inc.Pyramid Schemes A pyramid scheme is a form of investment where each person involved recruits other people to join.