What are some capital-intensive, hands-off money making methods?

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precrime3

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Not looking for typical answers like selling covered calls, margin trading, or dividend stocks.

Things like:
buying a turn key Shopify
P2P loans
Buying a website on Flippa?
etc.

I make around $2000 a month so far, and have no expenses (college student) so I'm really just looking for some income streams that I can either pay someone to setup or buy from someone and with some work take care of.
 
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How much capital are you talking, just to put things in a scope? And how much liquidity do you need?
 
Buy websites or get custom made affiliate websites and then rank them.
 
Loan money out in FB groups. Can't recommend it though.

No silver bullet. Invest in people not products.
And the rest will follow
 
Buy websites/social media handles
Grow & flip
 
Sebastiann said:
How much capital are you talking, just to put things in a scope? And how much liquidity do you need?
Click to expand...

1. I’d be comfortable investing anywhere between $1,000-$10,000 per project.
Liquidity? My target return would be $2,000 a month passively - even if that takes a year+ and several 200-500 dollar income streams.
 
200 said:
Loan money out in FB groups. Can't recommend it though.

No silver bullet. Invest in people not products.
And the rest will follow
Click to expand...

I loan money out on Reddit, does well.
Loaned over $10,000, and it’s 25% interest every 2-4 weeks.

Talk to me more about investing in people.
 
I use Prosper or Lendingclub to loan money. It does alright, the returns are consistent since I’m spreading small amounts across a variety of loans.

Never heard of loaning money on Reddit before, which subreddits are you using to do that? @precrime3
 
precrime3 said:
I loan money out on Reddit, does well.
Loaned over $10,000, and it’s 25% interest every 2-4 weeks.

Talk to me more about investing in people.
Click to expand...

what do you promote to get people come to you and do you sign paper work ? How do you avoid from being scammed
 
VSYNC said:
Loaning money on Reddit?? And people actually pay you back? How are you ensuring you don't get ripped?
Click to expand...

Transactions are done through Paypal or similar with buyer protection.

I have a 20 question vetting process beforehand.

My default rate is around 8% over 100 transactions.

And lol the point of this thread was to get ideas...

And I mean it's pretty obvious IMO - check out any of the loan related subs like /r/loans or /r/borrow
 
precrime3 said:
it's pretty obvious IMO
Click to expand...
What's pretty obvious is that the world in general is full of people that will rip you off for fun, and in the physical world if there weren't debt collectors and the serious threat of punishment by scamming lenders then the industry would implode in one day.

What's also obvious is that by not even being an actual financial institution and then lending to people you've never met face-to-face and don't have any idea who the fuck they are is logically going to be pretty risky under the point I made in the previous paragraph.

How in God's name you only have a default rate of 8% I don't know - it's almost a miracle. Lucky you've got your 20 question questionnaire though to protect your funds from scammers :oops:
 
precrime3 said:
Transactions are done through Paypal or similar with buyer protection.

I have a 20 question vetting process beforehand.

My default rate is around 8% over 100 transactions.

And lol the point of this thread was to get ideas...

And I mean it's pretty obvious IMO - check out any of the loan related subs like /r/loans or /r/borrow
Click to expand...
Also, what in the fuck is up with r/loans?!

I just took a look, that's got to be a scammer's wet dream isn't it?

So lenders publicly vouch for guys that actually pay them back? Well that's genius, there's no way for someone to set up a fake lender account and start vouching for accounts which are then used to borrow and scam other lenders?

Also, I'm sure no scammer has ever thought of borrowing and paying back progressively larger amounts in order to be able to sting someone of $500+ once they have trust.

And for the (inevitable) scams that do occur, you've got a list there of banned scammers who have ripped people off.. but by the very nature of Reddit you have absolutely no idea who these peoples' real identities are and no way to have them prosecuted if they do steal from you because you also have no idea where on earth they live??

You've got big balls mate, I'll give you that. Or have a serious sadomasochistic streak.
 
VSYNC said:
Also, what in the fuck is up with r/loans?!

I just took a look, that's got to be a scammer's wet dream isn't it?

So lenders publicly vouch for guys that actually pay them back? Well that's genius, there's no way for someone to set up a fake lender account and start vouching for accounts which are then used to borrow and scam other lenders?

Also, I'm sure no scammer has ever thought of borrowing and paying back progressively larger amounts in order to be able to sting someone of $500+ once they have trust.

And for the (inevitable) scams that do occur, you've got a list there of banned scammers who have ripped people off.. but by the very nature of Reddit you have absolutely no idea who these peoples' real identities are and no way to have them prosecuted if they do steal from you because you also have no idea where on earth they live??

You've got big balls mate, I'll give you that. Or have a serious sadomasochistic streak.
Click to expand...

Lol thanks, I guess? Again, I feel like this thread is getting derailed from its original purpose. Can we get back on track?
 
precrime3 said:
Not looking for typical answers like selling covered calls, margin trading, or dividend stocks.

Things like:
buying a turn key Shopify
P2P loans
Buying a website on Flippa?
etc.

I make around $2000 a month so far, and have no expenses (college student) so I'm really just looking for some income streams that I can either pay someone to setup or buy from someone and with some work take care of.
Click to expand...
paypal generator v 2.34
 
TwitchPro said:
paypal generator v 2.34
Click to expand...
I'm still stuck with v2.1, but planning to lend out a few thousand dollars on Reddit and Fb groups then buy the newest generator with my huge profits. can't wait.

precrime3 said:
Lol thanks, I guess? Again, I feel like this thread is getting derailed from its original purpose. Can we get back on track?
Click to expand...
No thank you, for showing me the wonder that is r/loans.

Your original q: I don't know if $2k per month is capital intensive, but why is that what you're looking for anyway? Lots of hands-off ways to make money that aren't capital intensive.

You want to make money hands off with the funds you're getting now, buy cryptocurrencies (BTC, ETH, BAT, ADA.. a few others) each month and keep building what you hold. Over the next 12-18 months or so the crypto market is going to experience a bull run, look at charts from 2017 to see what that means.

If you don't trust cryptocurrencies, hire someone on here to build social media bots for you that will work 24/7 autonomously and will generate an income.. probably from aff links or something like that. Lots of ways to do it, lots of nuances with different platforms. A few hundreds bucks would get you something that will work for you and promote links to products or services you're promoting.

Alternatively, buy your own subreddit(s) and monetise them.. you can hire someone(s) to manage them for you and there are a whole bunch of different ways that you can make money with a sub that you cant if you're just a regular old reddit user... maybe setup your own sub to compete with r/loans and see if you can get a decent chunk of the market share of scammers from that sub to jump over to yours ;)
 
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