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But if marketed correctly (through blogging hubs in your niche, for instance ), you could have residual sales that last a very long time.Generally, e-books can sell well since they're priced low. If your client can afford to have a functioning laptop, tablet, or smartphone on which to read the e-book, they can afford to purchase a inexpensive e-book without much financial difficulty.
But, online courses even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've specialized knowledge in a certain topic, you can put together an online course to teach others. For example, if you have experience in real estate investing, you can create 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 order. That is the way 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 start a blog, here's my easy 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 together.
A number of the very best travel charge cards provide 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 those who travel frequently, The FlyerTalk forums are a great 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 with no credit score hit.
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The income will generally be recorded on a Form 1099-INT so that it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a site and get decent traffic, you can incorporate useful source ads to your website. These can usually be on the sidebar, and perhaps at the bottom of your posts.
If you have a lot of traffic, then this can add up to some decent chunk of change.If you need to begin a blog, here's my easy ten-minute guide to starting a blog.Rent out extra space in your house.If you get a spare bedroom, so you can find a roommate or list the distance on AirBnB for travelers.
If your furniture is more modern but you cant bear to get rid of it a home stager will probably be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and hit on your account as monthly payments. There more info here is some risk of default, however, the threat can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you can lend to anyone in your social circle.
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You can partner with a rehabber who uses your capital for a short term in exchange for an interest rate that is mutually consented upon.Design products to market on CafePress or Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of images could market, you can post your design on CafePress Shop or Redbubble, where clients can purchase all 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. When there are other variations you can choose, occasionally owning a certain domain (particularly if it is connected to a business) can be worth the premium. Often, individuals will scout out domain names that are still available, purchase themand then sit on them in order to sell them down the street.
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You can even combine this with different marketing campaigns if you are an influencer and also have your own blog (advertisement + affiliate income). This is how many bloggers make money! Again, it's not 100% passive but once set up 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 before you buy one make sure you complete your due diligence.