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In bigger cities, 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 work your regular job and produce your own $100 in just a few hours on a weekend or even some evenings.Buy a BusinessesAmericans spend an average of five hours watching TV daily.
Buy 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 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 in Flippa, and some can be obtained 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 resources to address, and there isnt much overhead.You can find online businesses for sale on websites such as BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed via royalties.
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Royalty rights are not influenced by financial markets and provide a steady flow 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 people hurry 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 methods to research what could be a good one.
You can buy 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, however 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.
For some of us, this is harder than it sounds. When you agree to be a silent partner, you have to keep silent that can be hard when its your money on the line, and you think things should be done differently.You can search sites like Angel Investors Network to get opportunities.Rent it OutYou can earn money renting out lots 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.
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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: Do you live near a college campus, renowned golf course, race track, or other venues in which major sporting events have been held You can rent your home out to people 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 policy which functions as your main insurance coverage for your time your house is rented out.The policy covers liability, structural damage, and damage to things and property. You're 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 people who makes the decision to begin a new hobby, buys all of the things you need to partake in that pastime, do it once and then realize you despise this, and now youre stuck with all this expensive shitOr perhaps you really do use your stuff, however you probably arent using it all of the time.
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And even that isnt enough room for all of the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont need the exact same level of management as a rental property.The units are self-serve. Folks allow themselves in site here and out of their units.
You can peruse storage centers available in LoopNet.If you dont have the money to buy or build 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 in which every person involved recruits others to join.