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But if promoted correctly (via blogging affiliates in your niche, by way of instance ), you might have residual earnings that last a very long time.Generally, e-books can sell well since they're priced low. If your client can afford to get a functioning notebook, tabletcomputer, or smartphone on which to read the e-book, they can afford to purchase a inexpensive e-book without much financial trouble.
But, 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 to the website using your unique link, you'll be given a commission on their order. 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 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 best travel credit cards offer 100,000 points into 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 terrific 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 very same notions towards bank promotions and bonus offers with no credit score hit.
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The income will typically be reported 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 blog and receive decent traffic, so you can incorporate ads to your website. These can usually be on the sidebar, and perhaps at the bottom of your posts.
In case you have a great deal of traffic, this can add up to some see page decent chunk of change.If you need to begin 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 space on AirBnB for travelers.
If your furniture is more modern but you still cant bear to get rid of it a home stager will probably be interested.Become a peer to peer peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach your account as monthly payments. There is some chance of default, but the risk can be minimized with adequate 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 uses your funds for a short term in exchange for an interest rate that is mutually agreed upon.Design products to market 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 customers 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 discuss a sale. When there are other variations you can choose, occasionally owning a certain domain (especially if it's attached to your business) can be well worth the premium. Often, people will scout out domain names which are still available, like it purchase themand then sit on them in order to sell them down the road.
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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 the way many bloggers make money! Again, it's not 100% passive but once set up properly and then climbed, can be surprisingly lucrative.Buy 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.