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But if promoted correctly (via blogging hubs in your niche, for instance ), you might have residual earnings 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 which to browse the e-book, they can manage to buy a inexpensive e-book without much financial difficulty.
But, online courses even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have specialized knowledge in a certain subject, you can put together an online class 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.
Fundamentally, when they click through to the website using your unique link, you will receive a commission on their order. That 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's 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 credit account with them.
A number of the 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 individuals 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 score and pursue 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 perhaps at the bottom of your articles.
In case you've got a lot of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here is my simple ten-minute guide to starting a blog.Rent out extra room 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 much more modern but you cant bear to get rid of it a home stager will 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 hit on your account as monthly payments. There's some risk of default, however, the risk can be minimized with sufficient diversification.Become a private lender.As a personal 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 market on CafePress or even Redbubble.If you're creative pop over here and can tap into the latest trends to determine what sorts of graphics could sell, you can post your design on CafePress Shop or Redbubble, where clients can buy many 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 could choose, occasionally owning a certain domain (especially if it's connected to your business) can be well worth the premium. Often, people will scout out domain names which are still available, purchase them, and 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 also have your own site (advertisement + affiliate income). That is the way 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 you complete your due diligence.