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In larger towns, it will often be more and in smaller cities, sometimes a tiny less.The allure of Uber is that you can set your schedule and there's no commitment. You can work your regular job and produce your own $100 in only a few hours on a weekend or a few evenings.Buy that a BusinessesAmericans spend an average of five hours watching TV every day.
Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People today sell successful blogs for a variety of reasons; theyre tired of doing this, they no longer have enough time to do it, its not making enough money, or your offer was too great to refuse.It takes some research to find a blog worth buying though, kind of like choosing the right rental property.
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You can peruse sites for sale in Flippa, and a few can be obtained 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 much more cheaply, and there arent a lot of any physical assets to address, and there isnt much overhead.You can find online businesses available on websites like 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 website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women hurry to signature their childrens names because if 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 fantastic domain name to purchase, but there are also ways to research what might be a great 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 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.
And theyll cover you! Airbnb connects people who have space to rent to those looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a school campus, renowned golf course, race track, or other venues where significant sporting events are held You can rent your house out to people attending these events through Rent Just like a Champion.You place the price and availability of your rental.
The company supplies around $1,000,000 in insurance policy which acts as your primary insurance policy for the time your house 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 after 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 people 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 it, and now youre stuck with all this expensive shitOr maybe 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 of the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont need the same amount of management as a rental property.The units are self-serve. People allow themselves in and out of their units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to purchase or build a centre, you can invest in a REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid Schemes A pyramid scheme is a form of investment in which each person involved recruits other people to join.