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But if promoted correctly (through blogging affiliates in your niche, for 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 customer can afford to get a functioning notebook, tabletcomputer, or smartphone on that to browse the e-book, they can manage to purchase a inexpensive e-book without much financial difficulty.
However, 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 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'll be given 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 start 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 sign-up bonuses to entice you to open a credit account together.
A number of the very 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 great 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 very same notions towards bank promotions and bonus offers without the credit hit.
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The income will generally be recorded on a Form 1099-INT so it'll be taxed like interest income, which can site be passive income.Advertise on your blog.If you run a site and receive decent traffic, so 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 have a lot of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here's my easy ten-minute guide to starting a blog.Rent out extra 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 more modern but you cant bear to get rid of it a home stager will probably be interested.Become a peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach your account as monthly payments. There's some risk of default, link however, the risk can be minimized with adequate diversification.Become a personal lender.As a private lender, you 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 is mutually consented upon.Design products to market on CafePress or even Redbubble.If you are 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 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 discuss a sale. While there are different variations you can choose, occasionally owning a certain domain (especially if it's attached to a business) can be well worth the premium. Often, people will scout out domain names which are still accessible, purchase 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 are an influencer and have your own site (advertisement + affiliate income). That is the way many bloggers earn money! Again, it's not 100% passive but once set up correctly and then scaled, can be surprisingly lucrative.Buy that 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.