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However, if marketed correctly (through blogging affiliates in your niche, for example), you could have residual sales that last a very long time.Generally, e-books can sell very well because they are priced low. If your customer can afford to have a functioning laptop, tabletcomputer, or smartphone on that to read the e-book, they can afford to purchase a inexpensive e-book without much financial trouble.
However, online courses even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have 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 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 (for free airfare).For those 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 rating and chase credit card bonuses, you can apply the same notions towards bank promotions and bonus offers without the credit hit.
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The income will generally be recorded on a Form 1099-INT so 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 ads to your website. These will normally be on the sidebar, and perhaps at the bottom of your posts.
If you have a great deal of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here is my simple ten-minute guide to starting a blog.Rent out extra room in your house.If you get a spare bedroom, so you can find a roommate or list the space on AirBnB for travellers.
If your furniture is much more modern but you still cant bear to get rid of 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 advertised as 5-7%+ and hit on your account as monthly payments. There is 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 funds for a short-term in exchange for an interest rate that's 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 determine what sorts of graphics 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 browse around here over a sale. When there are different variations you can choose, occasionally owning a certain domain (especially if it is attached to your business) can be well worth the premium. Often, people will scout out domain names which are still accessible, buy themand 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're an influencer and have your own blog (advertisement + affiliate income). That is how many bloggers earn money! Again, it is 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 see post being cash flow machines, but until you buy one make sure you complete your due diligence.