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However, if promoted correctly (via blogging affiliates in your niche, for instance ), you might have residual earnings that last a very long time.Generally, e-books can sell well since they're priced low. If your client can afford to get 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 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. By way of instance, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Basically, when they click through 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 start 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 charge account with them.
A number of the best travel charge 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 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 very same ideas 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 it'll be taxed like interest income, which can be passive income.Advertise on your blog.If you run a blog and receive decent traffic, you can incorporate ads to your website. These can usually be on the sidebar, and possibly at the bottom of your posts.
In case 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's my easy ten-minute guide to starting a blog.Rent out extra space in your house.If you have a spare bedroom, you can find a roommate or set the space on AirBnB for travelers.
If your furniture is much more modern but you still cant bear to get rid of it a home stager will probably be interested.Become a peer to peer peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and hit on your account as monthly payments. There is some chance of default, however, the threat can be minimized with adequate diversification.Become a personal lender.As a personal 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 site a short term in exchange for an interest rate that's mutually agreed upon.Design products to market on CafePress or Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of graphics would 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 is to approach the owner to discuss a sale. When there are other variations you could choose, occasionally owning a certain domain (especially if it is connected to a business) can be worth the premium. Often, people will scout out domain names which are still accessible, buy 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 blog (advertisement + affiliate income). That is how many bloggers earn money! Again, it is 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 cash flow machines, but until you buy one make sure you complete your due diligence.