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But if promoted correctly (through blogging affiliates in your niche, by way of instance ), you might have residual earnings that last a very long time.Generally, e-books can sell very well because they're priced low. If your client can afford to get a functioning laptop, tablet, or smartphone on which to read the e-book, they can afford to buy a cheap e-book without much financial difficulty.
However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've technical knowledge in a certain subject, you can put together an online course to teach others. For example, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.
Fundamentally, when they click through the website using your unique link, you'll receive a commission on their purchase. This is how many bloggers have grown their income month to month.To learn more, Making Sense of Affiliate Marketing by Michelle Schroeder-Gardner of Making Sense of Cents is a highly recommended course.If you need to begin a blog, here is my simple ten-minute guide to starting a blog.Take advantage of credit card sign-up bonuses.Most credit card companies offer you sign-up bonuses to entice you to open a charge account with them.
A number of the very best travel credit cards offer 100,000 points to new accounts when you meet reasonable spending requirements.Also known as travel hacking, these rewards can be redeemed as cash (statement credit) or airline miles (for free airfare).For individuals that travel frequently, The FlyerTalk forums are a terrific resource.Take advantage of bank account promotions.If you don't want to mess with your credit score and pursue credit card bonuses, you can use the same ideas towards bank promotions and bonus offers without the credit score hit.
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The income will typically be reported on a Form 1099-INT so that it'll be taxed like interest income, which can be passive income.Advertise on your blog.If you run a site and get decent traffic, so you can incorporate ads to your website. These will normally be on the sidebar, and perhaps at the bottom of your posts.
In case you have a great deal of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here is my simple ten-minute guide to starting a blog.Rent out extra space in your house.If you have a spare bedroom, so you can find a roommate or set the space on AirBnB for travelers.
If your furniture is more modern but you cant bear to eliminate it a home stager will be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and hit on your account as monthly payments. There's some chance of default, but the risk can be minimized with sufficient diversification.Become a private lender.As a private lender, you also can lend to anyone in your social circle.
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You can partner with a rehabber who utilizes your capital for a short term in exchange for an interest rate that is mutually consented upon.Design products to sell on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of images would sell, you can post your design on CafePress Shop or Redbubble, where clients can buy many different kinds of merchandise printed with your design.
If one is taken, the only recourse would be to approach the owner to go over a sale. While there are other variations you could choose, sometimes owning a certain domain (particularly if it's connected to your business) can be worth the premium. Often, individuals will scout out domain names that are still available, purchase them, and then sit on them in order to market them down the road.
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You can even combine this with different marketing campaigns if you're an influencer and have your own blog (advertisement + affiliate income). This is how many bloggers make money! Again, it is not 100% passive but once setup properly and then scaled, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but until you buy one make sure that you complete your due diligence.