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In larger towns, it will often be much more and in smaller towns, 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 just a couple of hours on a weekend or even some 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 sell successful blogs for a variety 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 great to refuse.It takes 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 in Flippa, and a few can be obtained 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 address, and there isnt much overhead.You can find online businesses available on sites like BizBuySell.Buy Royalties: Attempt 2Had no idea this was a thing! Music ownership is managed via royalties.
Royalty rights are not affected by financial markets and provide 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 trademark their childrens names because if someone is going to pimp a baby, its gonna be Beyonce and Jay Z and not some internet nerd.There is some luck involved in choosing a good domain name to purchase, but there are also methods to investigate what could be a good one.
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You can purchase domain names at Flippa. We interviewed Adam Dicker concerning this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a fantastic investment, but there are much more overhead and more moving parts. Therefore much more research must be done than you needed to invest in an online business.
And theyll pay 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: Do you live near a school campus, renowned golf course, race track, or other venues where significant sporting events have been held You can rent your house out to people attending these events through Rent Just like try here 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 main insurance coverage for the time your house is rented out.The policy covers liability, structural damage, and harm to things and property. You are 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 Stuff: Effort 2Peer Renters: Are you one of those men and women who decides to begin a new hobby, then purchases all of the things you need to partake in that pastime, do it once and then realize you hate this, and now youre stuck with all this expensive shitOr maybe 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 things 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 out of their units.
You can peruse storage centers for sale at LoopNet.If you dont have the money to purchase 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 kind of investment where every person involved recruits other people to join.