Ah passive income, the great dream of just about everyone. If you’ve ever taken a deep dive into the path to passive income you often find it involves a lot of work, which well, isn’t very passive. That being said, if you play your cards right it can become truly passive one day.
Lately I’ve been looking more and more at online businesses that someone already put the blood, sweat, and tears into, and is now a real passive income machine.
The challenge I’ve always had is that I’m afraid I’ll buy something that someone says is turnkey, when really it involves time, which I don’t have. For years I’ve struggled to build up trust with online business marketplaces like Flippa because it feels like it could be easy to get scammed.
Fast forward to today and Flippa has really cleaned things up and now offers a diligence service that can help make sure I’m not buying a lemon. So as you probably know, Flippa is a sponsor of this blog and they helped me identify three potential opportunities that could make 40% ROI on an investment in the ~$25k – $50k range.
And I know what you’re thinking now, “cut to the chase Morgan and show us the sites!” so here you go:
Now as you all know, I’m no expert when it comes to evaluating businesses like these. If you are, I’m curious to know which one you think is the best opportunity when it comes to true passive income.
You know the drill, I want to hear from you – comment and let your voice be heard!