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However, if promoted correctly (via blogging affiliates in your niche, for example), you could have residual sales that last a very long time.Generally, e-books can sell very well because they are priced low. If your customer can afford to have a functioning laptop, tablet, or smartphone on that to browse the e-book, they can afford to purchase a cheap e-book without much financial difficulty.
However, online courses even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have technical knowledge in a certain subject, you can put together an online course to teach others. By way of example, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Basically, when they click through the website using your unique link, you will be given a commission on their order. 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's 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 credit account together.
A number of the best travel charge 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 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 score and chase credit card bonuses, you can use the same notions 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 that 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, so you can incorporate ads to your website. These will usually be on the sidebar, and perhaps at the bottom of your articles.
In case you've got a lot of traffic, then this can add up to a decent chunk of change.If you need to click for source begin a blog, here's my simple 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 set the space on AirBnB for travelers.
If your furniture is much more modern but you cant bear to get rid of it perhaps 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 advertised as 5-7%+ and hit on your account as monthly payments. There's some chance of default, but the threat 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 utilizes your capital for a short term in exchange for an interest rate that's mutually consented upon.Design products to sell on CafePress or Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of my link graphics could market, you can post your design on CafePress Shop or Redbubble, where clients can purchase 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. While there are different variations you can choose, sometimes owning a certain domain (especially if it's attached to your business) can be worth the premium. Often, people will scout out domain names which are still accessible, buy 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 have your own site (advertisement + affiliate income). This is how many bloggers earn money! Again, it is not 100% passive but once set up properly and then scaled, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure that you complete your due diligence.