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However, if promoted correctly (through blogging hubs in your niche, by way of example), you might have residual earnings that last a very long time.Generally, e-books can sell well because they're priced low. If your customer can afford to get a functioning laptop, tabletcomputer, or smartphone on which to read the e-book, they can afford to purchase 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. Create an online course.If you've specialized knowledge in a certain topic, you can put together an online class to teach others. For example, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you'll receive a commission on their order. This 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 begin 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 sign-up bonuses to entice you to open a credit account together.
Some of the best travel charge cards offer 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 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 pursue credit card bonuses, you can apply the very same ideas towards bank promotions and bonus offers with no credit 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 get decent traffic, you can incorporate ads to your website. These can usually be blog on the sidebar, and possibly at the bottom of your articles.
If you have a great deal of traffic, then this can add up to a decent chunk of change.If you need to begin a blog, here is 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 travellers.
If your furniture is more modern but you cant bear to eliminate it perhaps a home stager will probably be interested.Become a peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach your account as monthly payments. There is some chance of default, but the threat can be minimized with adequate diversification.Become a personal lender.As a private 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 consented upon.Design products to sell on CafePress or Redbubble.If you're creative and can tap into the most recent trends to figure out what sorts of graphics would market, you can post your design on CafePress Shop or Redbubble, where customers can purchase 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, occasionally owning a certain domain (especially if it is connected to a business) can be worth the premium. Often, people will scout out domain names which are still available, purchase them, and then sit on them in order to why not try this out market 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). That is how many bloggers earn 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 cash flow machines, but until you buy one make sure you complete your due diligence.