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However, if marketed correctly (via blogging affiliates in your niche, by way of instance ), you might have residual sales that last a very long time.Generally, e-books can sell well because they're priced low. If your client can afford to have a functioning laptop, tablet, or smartphone on which to read the e-book, they can afford to purchase a inexpensive e-book without much financial trouble.
However, online classes even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have technical knowledge in a certain subject, you can assemble an online course to educate 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'll 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 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.
Some of the 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 individuals that 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 chase credit card bonuses, you can use the same ideas towards bank promotions and bonus offers with no credit hit.
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The income will generally 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, so you can incorporate ads to your site. These can usually be on the sidebar, and possibly at the bottom of your posts.
If you have a lot of traffic, then this can add up to some decent chunk of change.If you need to start a blog, here's my simple ten-minute guide to starting a blog.Rent out additional room in your house.If you get a spare bedroom, so you can find a roommate or set the space on AirBnB for travellers.
If your furniture is much more modern but you cant bear to get rid of 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 moved here account as monthly payments. There's some risk of default, but the risk can be minimized with sufficient diversification.Become a personal 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 utilizes 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 could market, you can post your design on CafePress Shop or Redbubble, where customers can purchase 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. When there are different variations you can 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 that are still accessible, 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're an influencer and also have your own site (advertisement + affiliate income). That is the way many bloggers make money! Again, it's not 100% passive but once set up correctly and then scaled, 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 that you complete your due diligence.