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But if promoted correctly (via 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 very well since they are priced low. If your customer can afford to get a functioning laptop, tablet, or smartphone on which to browse the e-book, they can afford to buy a cheap e-book without much financial difficulty.
But, online courses even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have technical knowledge in a certain topic, you can put together an online course to teach others. By way of example, if you have experience in real estate investing, you can produce 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 purchase. 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 is 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 charge account with them.
A number of the very 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 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 rating and pursue credit card bonuses, you can apply the same notions towards bank promotions and bonus offers with no credit 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 can be passive income.Advertise on your blog.If you run a blog and get decent traffic, so you can incorporate ads to your website. These will normally be on the sidebar, and perhaps at the bottom of your articles.
In case you've got a great deal of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here's my easy ten-minute guide to starting a blog.Rent out extra room in your house.If you have a spare bedroom, so you can find a roommate or list the distance on AirBnB for travellers.
If your furniture is much more modern but you 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 risk of default, however, the risk can be minimized with sufficient diversification.Become a personal 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 uses your capital for a short term in exchange for an interest rate that is mutually agreed upon.Design products to sell on CafePress or Redbubble.If you're creative and can tap into the latest trends to determine what sorts of images 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 is to approach the owner to discuss a sale. While there are other variations you can choose, sometimes owning a certain domain (particularly if it is attached to a business) can be well worth the premium. Often, individuals will scout out domain names that are still available, buy themand then sit on them in order to market them down the road.
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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 the way many bloggers earn money! Again, it's not 100% passive but once setup properly and then climbed, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure you see here complete your due diligence.