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But if promoted correctly (via blogging affiliates in your niche, by way of example), you could have residual sales that last a very long time.Generally, e-books can sell well because they are priced low. If your client can afford to have a functioning laptop, tabletcomputer, or smartphone on that to read the e-book, they can afford to purchase a cheap e-book without much financial trouble.
But, online courses even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've technical knowledge in a certain topic, 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 class Real Estate Investing 101.
Basically, when they click through the website using your unique link, you will receive a commission on their purchase. 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 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 with them.
A number of the very 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 pursue credit card bonuses, you can use the very same notions towards bank promotions and bonus offers with no credit score 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 site and get decent traffic, you can incorporate ads to your website. These can normally be on the sidebar, and possibly at the bottom of your posts.
If you've got a lot of traffic, then this can add up to go to the website a decent chunk of change.If you need to begin a blog, here is my easy ten-minute guide to starting a blog.Rent out extra room in your house.If you have a spare bedroom, so you can find a roommate or list 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 lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach your account as monthly payments. There is some risk of default, however, the risk can be minimized with sufficient 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 uses your funds for a short-term in exchange for an interest rate that's mutually agreed upon.Design products to market on CafePress or even Redbubble.If you're creative and can tap into the latest trends to figure out what sorts of graphics would market, 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 (especially if it is connected to your business) can be well worth the premium. Often, people will scout out domain names which are still accessible, buy them, and 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 blog (advertisement visit + affiliate income). This is the way many bloggers make money! Again, it's not 100% passive but once set up correctly and then climbed, 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 you complete your due diligence.