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NYSE. Seriously. If you want to buy and be a completely passive owner, buy stocks. You'll at least be able to minimize risk. Buying and growing a business can
by jefflombardjr 9y ago
NYSE. Seriously. If you want to buy and be a completely passive owner, buy stocks. You'll at least be able to minimize risk.
Buying and growing a business can be just as hard as starting one. If you want to own a business, you have to be able to sell/market their product. If you can't sell to one or two people to start a business, what makes you think selling to 100s in an established business is a good idea?
If you already have a stock portfolio and need to diversify. Look to real estate. Even then it's not completely passive, but hey you can at least hire a management company.
If you still want to passively own a business, specifically a web business. Take the $3,000 or whatever you want to use to buy a site and instead launch your own site. Spend the money on ads to drive traffic to your site and learn the valuable lesson that you can't just buy your way to success...