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However, if promoted correctly (through blogging hubs in your niche, for example), you might have residual earnings that last a very long time.Generally, e-books can sell very well because they are priced low. If your client can afford to get a functioning laptop, tabletcomputer, or smartphone on which to read the e-book, they can manage to buy a inexpensive e-book without much financial trouble.
However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have technical 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 class Real Estate Investing 101.
Fundamentally, when they click through 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 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 with them.
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 (free of 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 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 can be passive income.Advertise on your blog.If you run a site and receive decent traffic, you can incorporate ads to your site. These will usually 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 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, you can find a roommate or list the distance on AirBnB for travelers.
If your furniture is much more modern but you still cant bear to get rid of it perhaps a home stager will 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 on your account as monthly payments. There is some chance of default, however, the risk can be minimized with adequate 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 funds for a short-term in exchange for an interest rate that is mutually agreed upon.Design products to market on CafePress or Redbubble.If you are creative and can tap into the most recent trends to determine what sorts of images could market, you can post your design on CafePress Shop or Redbubble, where customers can buy all 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. While there are different variations you can choose, sometimes owning a certain domain (especially if it's connected 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 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 company website + affiliate income). That is how many bloggers earn money! Again, it is 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 money flow machines, but until you buy one make sure you complete your due diligence.