A Biased View of Passive Income Ideas In Jamaica

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In larger towns, it will often be more and in smaller towns, sometimes a tiny less.The appeal of Uber is you can set your schedule and there is no commitment. You can work your normal job and make your $100 in only a couple of hours on a weekend or even a few evenings.Buy a BusinessesAmericans spend an average of five hours watching TV every day.

Purchase a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People today sell successful sites 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 site worth buying though, kind of like choosing the right rental property.

You can outsource websites for sale at Flippa, and some can be had for just a few dollars.Buy an Existing Business: Effort 3The barrier to buying an online business is much lower than purchasing a brick and mortar business. They can be had much 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: Attempt 2Had no idea this was a thing! Music ownership is managed via royalties.

 

 

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Royalty rights are not influenced by financial markets and provide a steady stream 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 trademark their childrens names because when someone is going to pimp out a infant, its gonna be Beyonce and Jay Z and not a few internet nerd.There is some chance involved in choosing a good domain name to purchase, but there are also ways to research what might be a great one.

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 fantastic investment, however 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 of us, this is harder than it sounds. When you agree to be a silent partner, you need to stay silent which can be hard when its your money on the line, and you think things should be done differently.You can search sites 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 internet renting out an entire house or apartment, but there arent restrictions on renting out a space in your property.

And theyll cover you! Airbnb connects people who have space to rent to those 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 in which major sporting events are held You can rent your home out to people attending those events through Rent Just like a Champion.You place the price and availability of your rental.

 

 

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The company provides around $1,000,000 in insurance coverage which functions as your primary insurance coverage for your time your home is rented out.The policy covers liability, structural damage, and harm to items and property.  You're paid through direct deposit 5-6 business days after the guests check out. The website currently has listings in 25 cities in the US.Rent Your Stuff: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, buys all of the stuff you need to partake in that pastime, do it once and then recognize you despise this, and now youre stuck with this expensive shitOr maybe you do use your things, but you probably arent using it all of the time.

 

 

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And even that isnt enough space for all of the stuff we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont require the exact same amount of management as a rental why not find out more property.The units are self-serve. People allow themselves in and outside of their units.

 

 

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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 REIT that specializes in them like 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.

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