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However, if marketed correctly (through blogging affiliates in your niche, by way of example), you might have residual sales that last a very long time.Generally, e-books can sell well since they're priced low. If your customer can afford to get a functioning notebook, tabletcomputer, or smartphone on that to read the e-book, they can manage to buy a inexpensive e-book without much financial trouble.
However, online classes even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have technical knowledge in a certain topic, you can assemble an online class to educate 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 the website using your unique link, you will be given a commission on their purchase. This 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 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.
Some of the best travel credit cards offer 100,000 points to 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 (free of 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 rating and chase credit card bonuses, you can apply the very same notions towards bank promotions and bonus offers without the credit hit.
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The income will typically be recorded 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 receive decent traffic, you can incorporate ads to your website. These will normally be 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 some decent chunk of change.If you need to start a blog, here's my easy ten-minute guide to starting a blog.Rent out additional space in your house.If you get a spare bedroom, you can find a roommate or list the space on AirBnB for travelers.
If your furniture is much more modern but you still cant bear to get rid of it perhaps a home stager will probably 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 your account as monthly payments. There is some risk of default, however, the threat can be minimized with adequate 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 Redbubble.If you're creative and can tap into the most recent trends to figure out what sorts of images could market, you can post your design on CafePress Shop or Redbubble, where clients can purchase many different kinds of merchandise this hyperlink printed with your design.
If one is taken, the only recourse would be to approach the owner to go over a sale. While there are different variations you could choose, sometimes owning a certain domain (particularly if it is attached to your business) can be well worth the premium. Often, individuals will scout out domain names that 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 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 a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but until you buy one make sure that you complete your due diligence.