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However, if marketed correctly (through blogging hubs in your niche, by way of example), you could have residual earnings that last a very long time.Generally, e-books can sell well since they are priced low. If your customer can afford to get a functioning laptop, tablet, or smartphone on that to read the e-book, they can afford to purchase a cheap e-book without much financial trouble.
But, online classes even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have technical knowledge in a certain subject, you can put together an online class to teach others. For instance, 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 be given 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 charge account together.
Some of the best travel credit cards provide 100,000 points into new accounts when you meet 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 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 rating and pursue credit card bonuses, you can use the same ideas towards bank promotions and bonus offers with no credit score hit.
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The income will generally 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 blog and get decent traffic, so you can incorporate ads to your website. These will usually be on the sidebar, and possibly at the bottom of your posts.
If you have a great deal of traffic, this can add up to some decent chunk of change.If you need to start a blog, here is my easy ten-minute guide to starting a blog.Rent out extra space in your house.If you have a spare bedroom, you can find a roommate or list the space on AirBnB for travelers.
If your furniture is more modern but you cant bear to eliminate it perhaps 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, 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 uses your funds for a short-term in exchange for an interest rate that's mutually agreed additional hints upon.Design products to market on CafePress or Redbubble.If you are creative and can tap into the latest trends to determine what sorts of images would market, 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 is to approach the owner to go over a sale. When there are other variations you can choose, occasionally owning a certain domain (particularly if it is attached to your business) can be worth the premium. Often, individuals will scout out domain names which are still available, 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 are an influencer and also have your own site (advertisement + affiliate income). This is how many bloggers make money! Again, it is not 100% passive but once setup correctly and then climbed, can be surprisingly lucrative.Buy that 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.