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In bigger 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 program and there is no commitment. You can perform your normal job and make your own $100 in only a few hours on a weekend or some evenings.Buy 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 today sell successful sites for all sorts of reasons; theyre tired of doing this, they no longer have enough 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.
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You can peruse sites for sale in Flippa, and some can be had for just 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 deal with, and there isnt much overhead.You can find online businesses for sale on sites such as 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 supply 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 men and women hurry to signature their childrens names because if someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some luck involved in choosing a good domain name to purchase, but there are also ways to investigate what could be a good one.
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You can buy 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 much more overhead and more moving parts. Therefore more research must be done than you needed to invest in an online business.
And theyll pay you! Airbnb connects those with space to rent to those looking for a place to stay. We wrote an article on the process.Rent Like a Champion: Do you live near a college campus, famous golf course, race track, or other venues in which significant sporting events have been held You can rent your home out to people attending those events through Rent Like a Champion.You place the price and availability of your rental.
The company supplies around $1,000,000 in insurance policy which functions as your primary insurance coverage for your time your home is rented out.The policy covers liability, structural damage, and damage to things and property. You're 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 stuff you need to partake in go to these guys that pastime, do it once and then recognize you hate 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's almost no maintenance for storage units, and they dont need the same amount of management as a rental property.The units are self-serve. People allow themselves in and out of the units.
You can peruse storage centers available at LoopNet.If you dont have the money to purchase or build a facility, you can invest in a REIT that specializes in them like Public Storage or hop over to these guys ExtraSpace Storage Inc.Pyramid Schemes A pyramid scheme is a form of investment where each person involved recruits other people to join.