10) Acquiring an Existing Online Cash Machine
This option is a bit on the pricier side – you’ll need to have some money to burn to be able to purchase an online business or membership site. But if you are looking to invest a few thousand and then some, then buying over a membership site is a great way for you to create passive income for yourself from then onwards!
What you want to do is purchase a matured, thriving monthly membership site. This saves you all the hassle of having to create a membership site from scratch and find subscribers. Because when you purchase an online business or membership site, you get to basically take over the business and capitalize on its recurring income!
For example, you could purchase a membership site which usually makes about $1,000 a month from recurring members. That’s an extra $1,000 which you can get every month from simply owning this new business. Yes, you may need to pay up to 12 times that amount to purchase the membership site in the first place but in the long haul you will have created for yourself a reliable and dependable passive income stream.
Don’t forget that but purchasing a membership site, you are also gaining access to a whole new database of subscribers. So not only are you purchasing something which gives you recurring passive income but you are also growing your list while doing it!