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However, if promoted correctly (via blogging hubs in your niche, for instance ), you could have residual earnings that last a very long time.Generally, e-books can sell well since they are 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 cheap e-book without much financial trouble.
But, online courses even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have specialized knowledge in a certain topic, you can assemble an online course to educate others. For instance, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Fundamentally, when they click through to 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 start a blog, here's 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 credit account with them.
Some of the best travel credit cards provide 100,000 points into 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 individuals that 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 chase credit card bonuses, you can use the very same notions towards bank promotions and bonus offers without the credit hit.
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The income will generally be reported on a Form 1099-INT so it'll be taxed like interest income, which can be passive income.Advertise on your blog.If you run a blog and receive decent traffic, you can incorporate ads to your site. These can normally be on the sidebar, and possibly at the bottom of your posts.
In case you've got a lot of traffic, this can add up to some decent chunk of change.If you need to start a blog, here is my easy ten-minute guide to starting a blog.Rent out additional room in your house.If you have a spare bedroom, you can find a roommate or list the distance 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 is some chance of default, however, the threat can be minimized with sufficient diversification.Become a private 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 utilizes your funds for a short-term in exchange for an interest rate that is mutually agreed 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 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 different variations you could choose, occasionally owning a certain domain (particularly if it is connected to a business) can be well worth the premium. Often, people will scout out domain names that are still accessible, purchase them, and then sit on them in order to market them down the street.
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You can even combine this with different marketing campaigns if you are an influencer and have your own site (advertisement + affiliate income). This is how many bloggers make money! Again, it is not 100% passive but once set up properly and then scaled, can be surprisingly lucrative.Buy 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 visit the site diligence.