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But if promoted correctly (through blogging hubs in your niche, by way of example), you could have residual earnings that last a very long time.Generally, e-books can sell very well because they're priced low. If your customer can afford to get a functioning laptop, tablet, or smartphone on which to read the e-book, they can manage to buy a inexpensive e-book without much financial difficulty.
However, online courses even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've technical knowledge in a certain subject, you can assemble an online course to educate others. For instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you will be given a commission on their purchase. That 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 sign-up bonuses to entice you to open a credit account with them.
A number of the best travel charge cards provide 100,000 points to new accounts when you fulfill reasonable spending requirements.Also known as travel hacking, these rewards can be redeemed as cash (statement credit) or airline miles (free of airfare).For those who 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 rating 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 generally be reported 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 receive decent traffic, you can incorporate ads to your website. These will normally be on the sidebar, and possibly at the bottom of your posts.
If you've got a lot of traffic, this can add up to a decent chunk of change.If you need to start a blog, here's my easy ten-minute guide to starting a blog.Rent out additional space in your house.If you have a spare bedroom, so you can find a roommate or list the distance on AirBnB for travellers.
If your furniture is much more modern but you still cant bear to get rid of it perhaps a home stager will be interested.Become a peer to peer 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 is some chance of default, but the risk can be minimized with adequate diversification.Become a personal 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 uses your funds 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 determine what sorts of graphics would market, you can post your design on CafePress Shop or Redbubble, where here are the findings clients can buy all different kinds of merchandise printed with your design.
If one is taken, the only recourse is to approach the owner to go over a sale. While there are different variations you can choose, sometimes owning a certain domain (particularly if it's attached to a business) can be well worth the premium. Often, people will scout out domain names which are still available, buy them, and 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're an influencer and also have your own site (advertisement + affiliate income). That is how many bloggers make money! Again, it's not 100% passive but once set up correctly and then climbed, can be surprisingly lucrative.Buy best site that a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but before you buy one make sure that you complete your due diligence.