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But if marketed correctly (through 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 are priced low. If your customer can afford to get a functioning notebook, tabletcomputer, or smartphone on which to read 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. Make an online course.If you've specialized knowledge in a certain topic, you can put together an online class to teach others. For 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 receive a commission on their purchase. This 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 easy 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 together.
Some of the best travel credit cards offer 100,000 points to 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 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 score 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 reported 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 site and receive decent traffic, you can incorporate ads to your site. These will normally be on the sidebar, and perhaps at the bottom of your articles.
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's my simple ten-minute guide to starting a blog.Rent out additional space 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 cant bear to eliminate it a home stager will probably be interested.Become a these details peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and hit your account as monthly payments. There's some risk of default, but the risk can be minimized with sufficient diversification.Become a private lender.As a private lender, you can lend to anyone in your social circle.
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You why not look here can partner with a rehabber who utilizes your capital 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're creative and can tap into the latest trends to determine what sorts of graphics could sell, you can post your design on CafePress Shop or Redbubble, where clients 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, sometimes owning a certain domain (particularly if it is attached to a business) can be worth the premium. Often, individuals will scout out domain names that are still accessible, buy themand then sit on them in order to sell them down the street.
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You can even combine this with different here marketing campaigns if you are an influencer and have your own blog (advertisement + affiliate income). This is how many bloggers make money! Again, it is not 100% passive but once set up properly and then climbed, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but before you buy one make sure you complete your due diligence.