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In larger cities, it will often be much more and in smaller cities, occasionally a little less.The appeal of Uber is that you can set your program and there's no commitment. You can perform your regular job and produce your own $100 in just a couple of hours on a weekend or even a few evenings.Buy that a BusinessesAmericans spend an average of five hours watching TV daily.
Purchase a Blog: Effort 3Flippa: You can also buy an existing blog that is already making money. People sell successful blogs for a variety of reasons; theyre tired of doing it, 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 for sale at Flippa, and some 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 assets to deal with, 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 via royalties.
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Royalty rights are not influenced 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 people rush to trademark their childrens names since if someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a fantastic domain name to purchase, but there are also methods to investigate what might be a great one.
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, but there are a whole lot 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 become a silent partner, you need to stay silent which can be hard when its your money on the line, and you think things ought to be done differently.You can search websites like Angel Investors Network for opportunities.Rent it OutYou can earn money renting out plenty 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 property.
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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 Just Like a Champion: Do you live near a school campus, famous golf course, race track, or other venues in which significant sporting events have been held You can rent your home out to individuals attending those events through Rent Like a Champion.You set the price and availability of your see page rental.
The company provides up to $1,000,000 in insurance coverage which functions as your main insurance coverage for your time your house is rented out.The policy covers liability, structural damage, and harm to items and property. You are paid via 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 men and women who makes the decision to begin a new hobby, buys all the things you need to partake in that pastime, do it once and then recognize you despise it, and now youre stuck with all this expensive shitOr perhaps you really do use your stuff, but you probably arent using it all of the time.
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And even that isnt enough room for all of the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the exact same amount of management as a rental property.The units are self-serve. Folks allow themselves in and out of their units.
You can peruse storage facilities available at LoopNet.If you dont have the money to purchase or construct a facility, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid Schemes. A pyramid scheme is a form of investment where every person involved recruits other people to join.