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In larger towns, it will often be much more and in smaller cities, occasionally a little less.The allure of Uber is that you can set your program and there's no commitment. You can work your regular job and make your own $100 in only a couple of 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 buy an existing blog that is already making money. People today 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 takes some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can peruse sites for sale at 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 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 address, and there isnt much overhead.You can find online businesses available on sites like BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed by means of royalties.
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Royalty rights are not affected by financial markets and provide a steady flow 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 signature their childrens names because when 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 research what could be a great one.
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 a whole lot more overhead and more moving parts. Therefore much more research must be done than you needed to invest in an online business.
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For some people, this is more difficult than it sounds. When you consent to be a silent partner, you have to keep silent which can be difficult when its your money on the line, and you think things should be done differently.You can search websites like Angel Investors Network for opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire home or apartment, but there arent restrictions on renting out a room in your home.
And theyll cover you! Airbnb connects those with space to rent to those looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Can you live near a college campus, renowned golf course, race track, or other venues in which major sporting events are held You can rent your home out to individuals 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 room for all the things we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont need the exact same amount of management as a rental property.The units are self-serve. People today allow themselves in and outside of their units.
