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However, if promoted correctly (via blogging hubs in your niche, for example), you could have residual earnings that last a very long time.Generally, e-books can sell very well because they're priced low. If your customer can afford to have a functioning notebook, tablet, or smartphone on that to read the e-book, they can manage to buy a cheap e-book without much financial difficulty.
But, online classes even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have specialized knowledge in a certain topic, you can assemble an online class to teach others. For instance, 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 will 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 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 with them.
Some of the very best travel charge 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 that 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 pursue credit card bonuses, you can apply the same ideas towards bank promotions and bonus offers without the 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 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 normally be on the sidebar, and perhaps at the bottom of your posts.
In case you have a great deal of traffic, then this can add up to a decent chunk of change.If you go to this site 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 have a spare bedroom, you can find a roommate or set the space on AirBnB for travelers.
If your furniture is more modern but you still cant bear to get rid of it perhaps a home stager will be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach on your account as monthly payments. There's some chance of default, however, the risk can be minimized with adequate 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's mutually agreed upon.Design products to sell on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of images could sell, you can post your design on CafePress Shop or Redbubble, where clients 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 go over a sale. While there are other variations you can choose, sometimes owning a certain domain (especially if it's connected to your business) can be worth the premium. Often, individuals will scout out domain names Visit Your URL which are still available, buy themand then sit on them in order to sell 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 site (advertisement + affiliate income). This is the way many bloggers earn money! Again, it is 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 until you buy one make sure that you complete your due diligence.