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However, if promoted correctly (via blogging affiliates in your niche, by way of instance ), you could have residual sales that last a very long time.Generally, e-books can sell very well since they're priced low. If your client can afford to get a functioning notebook, tabletcomputer, or smartphone on which to read the e-book, they can afford to buy a cheap e-book without much financial trouble.
But, online classes even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've specialized knowledge in a certain topic, you can put together an online class to educate others. For instance, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you'll be given a commission on their order. 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 begin 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 best travel credit cards provide 100,000 points to 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 (free of 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 score hit.
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The income will typically be recorded 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, so you can incorporate ads to your website. These can usually be on the sidebar, and possibly at the bottom of your articles.
If you've got a lot 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 home to starting a blog.Rent out extra room in your house.If you have a spare bedroom, so you can find a roommate or set the distance on AirBnB for travelers.
If your furniture is more modern but you cant bear to eliminate it perhaps a home stager will probably be interested.Become a peer to peer peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach 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 personal lender, you can lend to anyone in your social circle.
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You can partner with a rehabber who utilizes your funds for a short-term in exchange for an interest rate that's mutually consented upon.Design products to market on CafePress or even Redbubble.If you're creative and can tap into the most recent trends to determine what sorts of images would sell, you can post your design on CafePress Shop or Redbubble, where customers can purchase 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. When there are different variations you could choose, sometimes owning a certain domain (particularly if it is attached to a business) can be well worth the premium. Often, people will scout out domain names which are still available, buy them, and Get More Information 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 are an influencer and have your own blog (advertisement + affiliate income). That is how many bloggers make money! Again, it's 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 until you buy one make sure that you complete your due diligence.