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In larger towns, it will often be more and in smaller cities, sometimes a tiny less.The appeal of Uber is you can set your schedule and there's no commitment. You can work your normal job and make your own $100 in only a couple of hours on a weekend or a few 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's already making money. People 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 good 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 for sale in Flippa, and a few can be obtained for only 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 deal with, and there isnt much overhead.You can find online businesses available on websites like BizBuySell.Buy Royalties: Effort 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 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 trademark their childrens names since 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 fantastic domain name to purchase, but there are also methods to research what could 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 correct brick and mortar business can be a good investment, however there are a whole lot more overhead and more moving parts. Therefore more research must be done than you needed to invest in an online business.
For a number people, this is more difficult than it sounds. When you agree to be a silent partner, you need to stay silent which can be difficult when its your money on the line, and you think things ought to be done differently.You can search sites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out lots of things.Rent a Room: Effort 2A lot of areas really are cracking down on renting out an entire house or apartment, but there arent restrictions on renting out a space in your home.
And theyll pay 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 Just Like a Champion: Do you live near a college campus, renowned golf course, race track, or other venues where significant sporting events have been held You can rent your home out to individuals attending these events through Rent Just like a Champion.You set the price and availability of your rental.
The company supplies up to $1,000,000 in insurance policy 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 through direct deposit 5-6 business days after the guests check out. The site currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who makes the decision to start a new hobby, then 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 this expensive shitOr perhaps you do use your things, but you probably arent using it all of the time.
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And even that isnt enough room for all the things we buy, so we need more storage space. There is 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 today allow themselves in and out of the units.
You can peruse storage centers for sale in LoopNet.If you dont have the money to purchase or construct a facility, you can invest in a blog REIT that specializes in them such as Public Storage or ExtraSpace Storage Inc.Pyramid Schemes A pyramid scheme is a kind of investment where each person involved recruits other people to join.