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But if marketed correctly (via blogging affiliates in your niche, for instance ), you could have residual sales that last a very long time.Generally, e-books can sell very well because they're priced low. If your customer can afford to have a functioning laptop, tablet, or smartphone on which to read the e-book, they can afford to buy a inexpensive e-book without much financial difficulty.
However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have specialized knowledge in a certain subject, you can put together an online class 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.
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 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 charge account with them.
Some 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 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 apply the very same notions towards bank promotions and bonus offers with no credit hit.
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The income will typically 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, you can incorporate ads to your website. These can usually be on the sidebar, and perhaps at the bottom of your posts.
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 simple ten-minute guide to starting a blog.Rent out extra space in your house.If you get a spare bedroom, so you can find a roommate or list the space on AirBnB for travellers. Website
If your furniture is more modern but you still cant bear to eliminate it a home stager will be interested.Become a peer to peer 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 risk of default, however, the risk can be minimized with sufficient 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 capital 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 determine what sorts of images could sell, 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 is to approach the owner to go over a sale. While there are different variations you could choose, occasionally owning a certain domain (particularly if it is attached to your business) can be well worth the premium. Often, people will scout out domain names that are still available, purchase themand 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're an influencer and have your own blog (advertisement + affiliate income). This is the way many bloggers earn money! Again, it's not 100% passive but once set up 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 that you complete your due diligence.