Another idea I came across in my constant research on creating residual income is to buy software or apps that people have made and are still generating income. There are a couple of sites that have been set up as a clearinghouse for people who have created apps and are selling them to investors.
Some of these apps are being sold for as low as $500. Many of them range, however, from $1,000 on up to $50,000.
The key to making a good investment in this type of product is to make sure that the software or app is still being used. You can check this by analyzing the data on Google analytics and through the website that is selling the app.
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By KROMKRATHOG, published on 27 April 2013
Stock Image - image ID: 100162204 |
However, even if the app is not making any money at the moment the question is has it made money in the past and what would it take to get the app to make money in the future. Just like Warren Buffet's approach to investing in companies you can buy a company with a strong idea and balance sheet but is not performing based on temporal conditions.
Sites to buy apps:
http://www.apptopia.com/
http://www.sellmyapplication.com/
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