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But if marketed correctly (through blogging hubs in your niche, by way of instance ), you could 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 browse the e-book, they can manage to purchase a cheap 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've specialized knowledge in a certain subject, you can assemble an online course to educate others. For example, if you have experience in real estate investing, you can produce 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 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 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 with them.
Some of the best travel credit cards offer 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 who 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 same ideas 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 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 normally be on the sidebar, and possibly at the bottom of your articles.
If you've got a great deal of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here's my simple ten-minute guide to starting a blog.Rent out extra room in your house.If you get a spare bedroom, you can find a roommate or set the distance on AirBnB for travellers.
If your furniture is more modern but you still cant bear to eliminate it perhaps a home stager will probably be interested.Become a peer to peer peer like it lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach on your account as monthly payments. There is some chance of default, but the threat 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 capital for a short-term in exchange for an interest rate that's mutually agreed upon.Design products to market on CafePress or even Redbubble.If you're creative and can tap into the most recent trends to figure out what sorts of graphics would sell, you can post your design on CafePress Shop or Redbubble, where customers can buy all 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 a business) can be worth the premium. Often, people will scout out domain names which are still accessible, purchase them, and 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're an influencer and also have your own site (advertisement + affiliate income). That is how many bloggers earn money! Again, it's not 100% passive but once setup correctly 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 before you buy one make sure you complete your due diligence.