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In larger cities, it will often be much more and in smaller cities, sometimes a little less.The appeal of Uber is that you can set your schedule and there's no commitment. You can work your normal job and make your $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 get an existing blog that is already making money. People sell successful blogs for all sorts of reasons; theyre tired of doing it, they no longer have time to do it, its not making enough money, or your offer was too good to refuse.It requires some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can outsource websites for sale at Flippa, and some 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 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 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 affected 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 hurry to trademark their childrens names since if someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a good domain name to buy, but there are also methods to research Read More Here 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 must be done than you needed to invest in an online business.
For some of us, this is more difficult than it sounds. When you agree to become 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 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 property.
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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 Just Like a Champion: Do you live near a school campus, renowned golf course, race track, or other venues where major sporting events are held You can rent your home out to people attending these events through Rent Like a Champion.You set the cost and availability of your rental.
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And even that isnt enough space for all of the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont require the exact 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 facilities for sale at LoopNet.If you dont have the money to buy or build a facility, you can invest in a REIT that specializes in them like Public Storage or ExtraSpace Storage Inc.Pyramid Schemes. A pyramid scheme is a form of investment in click which every person involved recruits other people to join.