I fabbed up a cheap static balancer using two jack stands, some bearings, and a bit of drilling and welding.

I already had the jackstands and the bearings I got in a local skateboard shop (8 bearings for $12) for the axle to ride on. When I asked the kid behind the counter if these were the best bearings he had and he said yes! And he added, "They are lubricated with speed cream!" LOL!


For weights you can use the stick on type or the ones that wrap around the spokes. Just make sure you do it with the brake disc on the assembly as they affect balance too.
It should be said that modern manufacturing techniques in both tires and wheels have made balancing less critical than it once was. Sure, no tire or wheel is perfect but the amount of imbalance is such that in normal street riding you'd probably never notice it. Balancing can't hurt, of course, and the reason I did mine was since I built the bike I needed to rule out balance issues in case there were problems on the first rides. On an already running bike I would have skipped it all together.