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Passive income ideas?
 

I've been thinking about this for a long time now, but never really dived in. So besides owning property and getting rent, earnings from business where I would not be involved, or investments which I do not have enough money to start yet. What else is there?

I have a solid $10,000 to kind of gamble with. I'm thinking of buying websites and making money off the ads, but the problem with that is I know very little about the business. I wanted to hear some feedback on how it's done before I go into research mode.

I see sites on flippa claiming to have $1000-$5000 profit per month and then their asking or reserve price is only listed as $1500-$5000 something is up with that. Seems too good to be true what am I missing?

Any other passive income ideas are greatly encouraged.

Be careful investing in all those sites.You must be really professional and know what you do.

I invest all my money in Real Estate....I am sure you will not go wrong with it.

Also for a long term investing i would suggest buying gold and silver

Just my 2 cents

Man, the best investment for passive income is investing in solar power.

Even google invests in that.

The most clever investment.

If you are on the west coast buy an in-n-out franchise and then hire a bunch of minimum wage monkeys to run the place for you. East coast buy a five-guys. Burgers never go out of style.

In-n-out does not franchise and five guys sold out of all their territories. Also keep in mind the Op said he has 10k to play with.

For 10k you can't get much. Maybe invest in some well placed vending machines.

Red Box is a cash cow

Five guys....

yummo

You will need a lot more then 10k investment money or assets for any of these.


Website flipping is a tough competitive thing to do these days.

Not many good ones left to grab unless you are looking when someone forgets to pay their bills and loses the website.

10k... Put it in a vanguard ETF and let it sit.. VTI is not bad.

Or invest in real estate and rent out the place for more than your mortgage -- that's what I do now primarily.

Put it in Appl and pry it hit its bottom?

Don't invest in websites unless you know what you're doing.. Too easy to get scammed.

ETF's are cool but also look into the Vanguard 500 index mutual fund. They track the S&P 500.

For 10k, you are not going to be buying much or anything in real estate, you would need more than 10k.

With aapl, I am shorting the stock now and oh boy, $$$$, hahhhaa.

There are a couple things I do, but I am not afraid to lose the money if it happens. Nothing is solid as far as investments go, but if you play it right you can generate a good amount of money.

Jump in on a hot HYIP program early on and once the term is up, don't re-invest with that program. It will end up going down shortly, as with all ponzi's. I have a set amount of money that I have set aside that I am willing to lose if it should happen...play it right and you won't.

Aside from that, platinum, gold, silver are good....but titanium is coming up in the market. Then of course copper is showing some good signs. Classic cars, something you can flip....antiques, yadda yadda.

Music to my ears.

The scrap yards were ordered not to take any man hole covers because people were stealing them and selling them to scrap yards.

I remember when they tore down old houses and dumped it all and now they take bids on the windows, doors and copper wiring etc. Then trash the house.

I like to have hard assets and some liquidity in things like LR, PM, etc. Paper is becoming worth less and less...I won't be caught with my pants down. Banks - I don't trust them either. I don't keep more than I need to in the bank. Paypal use only LOL.

They are not Franchised.

aspkin told me ages back to avoid such sites as they are too often a rip-off.

I was looking at turnkey sites.

All that glitters is not gold is a safer approach.

Jimmy-Jam do you know that aspkin is re-writing a webmaster book? He's got a shed load of knowledge on these matters.
Did you read thro' the below forum
Webmaster Jungle - eBay Suspension & Paypal Limited Forums
I know of at least eight users who have gone into SEO, blogs and thus making money after a nudge from aspkin.
Sounds exciting for you. Do your research carefully. Buyer beware always applies.
:thumb:

I have a small warehouse and several large storage units full of antiques that I could stop buying today and it would take years to clean it all out.

My 2 1/2 car garage is full of the new stuff piled the ceiling.

With RE being so low and so many losing their homes and needing to rent I am always looking at real estate.

We own a piece with a storefront on the bottom and an apartment upstairs we rent and another piece of land we bought taking a chance on empty lots waiting for something to happen.

And it did, outerbelt was completed and the traffic hits it heavy and the businesses followed by buying up all the corner land. The best thing is we own a large chunk of land on the backside of one of these corners and the piece behind us is land locked. They have to buy from us to get to it and we have been offered by a large company who needs both pieces to build.

Aspkin is dead on it, RE if done right is the way to go if you have the funds or funding.

Is that an ebay/paypal type of place?

'Minimum wage monkeys' made me think so.

:pound:

This is my field & where I perform best...10k is not enough to play with the big boys so aim lower my friend...True that investment is a gamble but not all gambles are the same...You pick the gamble that is most likely to be successful...Just think of the game poker...Its a gamble but there are certain hands you would take a risk on & there are hands you would just throw away. I could give you the answer but that would take all the fun away from it...Research research research...Good luck!

http://myrocklandcounty.files.wordpr.../beb.jpg?w=630



Dealer takes three


:typing:

Future ebay ceo.

There is only one thing i invest in now thats property .
Very little risk involved .
But 10k wont see you with a deposit sizeable enough for a buy to let.
Not sure how workable this is to specific other countries but in the uk the domestic holiday market revolves a lot around parks and caravans / trailors.
I bought 2 static caravans a few years ago for £4k each on a nice site.
After fees and costs etc they return me around £5k per annum each renting to holiday makers.
I now have a few more on the same site as it turned out to be profitable and work involved is now minimal.

Most of the sites on flippa that are claiming to make money when the price is too low, are too good to be true. Your intuition of a site being a good deal could also make you wonder why they're selling in the first place. It's a website, not a house. it's not like they were relocated with their job and have to sell.

Flippa takes a very hands off approach to the sale, provides a little info for due diligence, but really it's one of the riskiest things you can do. IMO.

appl stock I think has hit rock bottom. If you're going to gamble the 10k, consider investing in options. Although, be prepared to lose it when options investing. Appl would be a good stock to buy if you want to hold onto it for a while. All of my money is in GOOG.

As a former Registered Investment Advisor and Estate Planner I can tell you the BEST investment is in YOU.

Continue to learn from successful people. Mirror those that are in markets you have an effection for.

In regards to so-called investments, all fluctuate. There is no such thing as a perfect investment. All have Pros & Cons.

In regards to Flippa, you can make a small fortune with those sites. Only listen to people like ME who know how to Market. Many of those sites are not up to their potential because the owner only has Tech skills or only knows ONLINE crap. A true marketer like myself can take a crap site and make millions from it.

I have an associate who made and continues to make Millions buying sites that are failures and he revamps them. IMers suck at Marketing. They know the tech stuff, things you can outsource for cheap.

Most don't know how to Convert "visitors" into buyers. Most don't understand the backend of making money. Learn this my friend and you can make as much money as you want.

If you want true Passive income you could become an Information Marketer and sell your products. Like Suzy Orman sells her crap products: Suze Orman Products, Books & Kits : Personal Financial Guru : Can I Afford it : The Approved Card : Suze Show

You can make thousands per day while on vacation, zero to one employee, and have a great lifestyle.

This is what I do.

Thats the way to do it. RE is not my cup of tea though. Sure the market is down and sure therre ARE ways to make money no matter which way the market runs...but I like to be more aggressive with things. RE is a slow boat, classic cars, antiques and collectibles is where its at. And for $10,000 you can find the right classic car that will turn you a big profit if you do it right. There is a set number I go on everything that I am willing to lose. Markets fluctuate, life happens, etc. OP has $10k to play with but is he willing to lose it if something should happen?

You are wrong.I bought a property for 10K put 3k more and right now renting out for section 8.Every month 750$ cash flow

Sure the area is not one of the best but if you screen your tenants before moving you should not have any problems

Sure depends where are you live as well.In California you will not find any property for 10k but if you live on East cost you have a lot of opportunity in real estate.


Good luck

Lots of different opionions on the matter.. Love it.

investing in anything is real tough, it's also tough to take part in other people's ideas of investing. you have to do what feels right to you and what you understand the most. if you can't see the angles in an idea then you should not be investing in it.

I love how he used the word "gamble".

I'd go to a casino...
roulette table...
bet 5k on red, bet the other 5k on black.

You're guaranteed to double your money!

I would not do that:)

I'll take a guaranteed return over anything, any day of the week.

Definitely worth looking at stocks and researching. Can be good for short-term and long-term growth. Dont do Forex yet - takes a lot of monitoring.

Dont get into "shorting" stocks also, it requires lots of time and now how. But if done properly, you can buy a house within weeks, cash, or lose it all in hours. It requires a lot of knowledge.

Most of my trades are on the Short side. Why? Because stock prices fall twice as fast as a rising stock, so I feel I have more movement and leverage.

There is very little difference is Shorting a stock vs going Long (buying) a stock.

Day Trading - Day Trader - Automated Trading - Day Trading Software - EliteTrader.com <<< I'm a member there, along with some Heavy hitters.

"Do or do not; there is no try."

Yoda

:thumb:

PUT IT ALL ON RED!!! JUST KIDDING!

Don't believe those website things! If they earn so much why would they sell it etc.

First there are 3 things I can advice you to do. 1 requires only $5k the other only $1 to $5.

Either way you go, you'll make money!

First off is you can't buy a diploma FAST enough to get a job ASAP too be 100% sure you'll get a job!

The only one I would say is pay $5k to get a CDL in trucking, and earn $3k to $5k per month! Pay your taxes, food etc. Save up $10k again within a few short months and find a good company to give you a good contract with lots of miles once you know the business and are ready. With $10k you can get a new semi truck with 10% down then you'll earn $8k to $12k per month! :) After you save up more money you can get a 2nd truck and hire drivers earning $4k to $6k per truck on a month off their backs so you'll be way over $12k per month now! This is doable within 6 months! You can get 3 trucks within 9 months and be close to retiring with $15k to $22k per month! Once in a while you'll have to jump and drive those trucks but who cares you'll be making $150k+ per year!

2nd thing is go to the dollar store and sell stuff online, for more then 400% to 2000% profits until you can figure out what you really want to do in life or save up more money!

3rd you can get a 1 ton cargo van, and sign up and do transporation earning $1.5k to $2k per week also! I wanted to do this in 2005, and a friend of mine his dad does it.

Or get a regular job, sell part time online till you figure out something to do.

Or you can do what I did with $2.5k and turned it into $12.5k in 12 months. You need lots of research and brains.

Yoda is the wisest alien in the universe.

I think we should all invest in moving in with GB.

Would be expensive to move that far but well worth it.

Free room and board, free meals, etc.

I 2nd that motion, I would be first in line. I would bring just my clothes and my laptop.

Then we can invest all of our money in anything we can find

No living expenses....

"no living expenses", then where do we live, I am not doing a sleeping bag again. I have already done that when traveling around Europe.

Buddy you don't need any money to invest all of it either. This morning I just found a way of making $25 per day on fiverr, you invest about $300 into it and bam you are in business. Some of the guys on there been making $7300 to $10,000 per year. Now doing this is only on fiverr but you can do other things as well, like other websites and so on. And that work only takes 30 seconds to do each time for $5. Not so bad! Save up money plus that $10k you got there until you get some place.

Sky's the limit on the internet man. Save that $10k and do something with a few $100 only.