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But if marketed correctly (through blogging hubs in your niche, by way of example), you might have residual earnings that last a very long time.Generally, e-books can sell very well because they're priced low. If your client can afford to have a functioning laptop, tablet, or smartphone on that to browse the e-book, they can afford to buy a inexpensive e-book without much financial trouble.
However, online courses 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 topic, you can put together an online course to teach others. For instance, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.
Fundamentally, when they click through the website using your unique link, you'll be given a commission on their order. That is the way 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 is 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 charge account together.
Some of the best travel credit 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 (free of airfare).For individuals 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 rating and chase credit card bonuses, you can use the same notions towards bank promotions and bonus offers without the credit score 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 is passive income.Advertise on your blog.If you run a site and get decent traffic, you can incorporate ads to your site. These can normally be on the sidebar, and perhaps at the bottom of your articles.
If you've got a lot of traffic, then 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 room in your house.If you get a spare bedroom, so you can find a roommate or set the space on AirBnB my website for travellers.
If your furniture is more modern but you still cant bear to get rid of it perhaps 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 on your account as monthly payments. There's some risk of default, but 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 utilizes your funds for a short term in exchange for an interest rate that is 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 images could market, you can post your wikipedia reference 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 discuss a sale. When there are other variations you can choose, occasionally owning a certain domain (particularly if it's connected to your business) can be well worth the premium. Often, people will scout out domain names that are still available, buy 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 also have your own blog (advertisement + affiliate income). That is how many bloggers earn money! Again, it's not 100% passive but once set up properly and then climbed, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure you complete your due diligence.