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In bigger cities, it will often be much more and in smaller cities, occasionally a tiny less.The appeal of Uber is that you can set your schedule and there is 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 daily.
Purchase a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People sell successful sites for all sorts of reasons; theyre tired of doing this, they no longer have time to do it, its not making enough money, or your offer was too great to refuse.It takes some research to find a site worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in Flippa, and a few can be obtained 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 much more cheaply, and there arent a lot of any physical assets to address, and there isnt much overhead.You can find online businesses available on websites like BizBuySell.Buy Royalties: Effort 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 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 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 luck involved in choosing a fantastic domain name to buy, but there are also ways to investigate what might be a good one.
You can buy 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 much 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 a number of us, this is harder than it sounds. When you agree to become a silent partner, you have to keep silent that can be hard when its your money on the line, and you think things ought to be done differently.You can search websites such as Angel Investors Network for opportunities.Rent it OutYou can earn money renting out lots of things.Rent a Room: Effort 2A lot of areas 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 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 Like a Champion: Do you live near a college campus, famous golf course, race track, or other venues where significant sporting events have been held You can rent your house out to people attending those 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 of the stuff we buy, so we need more storage space. There's almost no maintenance for storage units, and they dont require the same amount of management as a rental property.The units are self-serve. People let themselves in and outside of their units.