10 Businesses that Can Run Themselves

Running successful businesses requires time, effort, and dedication. However, if you consider starting a business, and you are worried about the amount of work it would take to run it. There are certain types of businesses that can practically run themselves. 

From vending machines and affiliate marketing to rental properties, and having a youtube channel, the options are endless. These businesses offer the opportunity for entrepreneurs to create passive income and enjoy more flexibility.

In this article, we will list 10 businesses you can consider if you want to start a business that can run on its own while you generate your passive income.

Vending Machines and ATMs

Two of the most popular businesses that can be set up to run themselves are vending machines and ATMs. These businesses allow you generate passive income streams without the need for much day-to-day management. 

ATMs can be installed in convenient locations and generate revenue through transaction fees while vending machines can be placed in high-traffic areas and stocked with popular snacks and drinks, requiring only occasional restocking and maintenance.

You can monitor both machines with appropriate software that can alert you  when restocking or maintenance is needed. With minimal effort and investment, vending machines and ATMs can offer a profitable business opportunity for those looking to create a self-running business.

Party Rentals

Starting a party rental business is one of the best options if you are looking into starting a business that runs itself. If you want to make it profitable, you will have to look for rentals that are presently in demand and will likely be in the future.

Your budget may determine what type of party rental services you want to go into. Offering rental services like tables, chairs, tents, and other party suppliers can go on with a low budget. However, if you have enough capital, you can go into expensive audio and visual equipment, staging and dance floors and so on. 

Property Rentals

Starting a rental property business is another way to create a passive income stream that can run itself with minimal day-to-day management. It doesn’t have to be the usual long-term rentals, short-term rentals can also be profitable. 

By hiring a property management company, you can delegate tasks such as rent collection, maintenance, and tenant screening for real-estate. This allows for a more hands-off approach while still generating a steady stream of income.

You can also rent out physical goods like power equipment, clothing, or camping equipment.

Self-Publishing

A popular business option for aspiring authors looking to create a self-running business and get their work out to readers without much stress or the need for a traditional publisher is self-publishing.

There are several platforms like Amazon Kindle Direct Publishing and Smashwords, that can easily publish and distribute your works without stress. Another benefit is that once published, your books can continue to generate passive income through royalties with no additional effort from the author. 

Bill-board Rental Business

Several businesses pay big money to get their message and brand in front of people on billboards which makes billboard rental a lucrative business. It is a business that can run itself with proper planning and management.

You can either buy an existing billboard or put up your own which requires you to own the land yourself or find a landowner willing to rent you the space.

By outsourcing maintenance and repairs to third-party providers and with the advancement in technology, billboards can now be remotely managed and updated, reducing the need for on-site management thus, generating your income through advertising fees.

Blogging

One of the top-notch businesses that run themselves totally is blogging. Several individuals and companies use it to generate income, however, running a successful blogging business requires proper planning, management, and execution. 

You need to work on the blog to some extent before you can enjoy it while it runs on its own.

It is certainly not passive at first, but once there’s enough articles to get the blog going on, then the extra money comes in without having to do anything.

Youtube Channel

One of the businesses that runs on its own is starting a YouTube channel. It can generate income, create valuable content optimized for search engines, build a loyal following, and monetize your videos through the YouTube Partner Program. 

With your youtube channel, you can also diversify your income streams by offering merchandise, sponsorships, or affiliate marketing opportunities. 

All you have to do is to pick a niche and  create quality videos and high-quality contents that people find helpful and engaging which can lead to increased views and higher revenue potential.

Online courses

One popular way to share knowledge and generate a passive income is creating online courses. It can be accessed from anywhere, thus allowing people to learn from the comfort of their own homes.

If you want to start one, you will need to identify your skill and interests, convert it into online courses, and market the course. The moment your course gets going, you do not have to do anything else except you want to occasionally update the material.

Affiliate Marketing

Affiliate marketing earns commissions by promoting other companies’ products while generating a passive income for you. You only have to identify profitable niches, choose high-quality products, then promote. You also need to create valuable content, optimize for search engines, and promote your affiliate links through social media, email marketing, and other channels.

By consistently producing engaging content and building relationships with your audience, you can generate passive income from affiliate commissions. Once your affiliate link goes off the ground, you only have to sit back and generate income through your link.

Self-Storage Facilities

Due to the massive internet penetration, online shopping has become more rampant which makes the need for people to find a storage space in high demand. This has made owning a self storage facility a great way to add a passive income to your stream of incomes.

A self-storage facility is basically leasing out a storage facility that can be managed by the lessee. While this business runs itself, you wouldn’t have to deal with little tenant complaints and all other issues related to managing rental properties.

It also requires low maintenance as you’re not dealing with different apartment issues like broken toilets and so on. And if these issues arise, you can hire a property manager to handle them.