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However, if marketed correctly (through blogging hubs in your niche, for instance ), you could have residual sales that last a very long time.Generally, e-books can sell well because they are priced low. If your client can afford to have a functioning notebook, tablet, or smartphone on that to browse the e-book, they can manage to buy 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. Make an online course.If you have specialized knowledge in a certain subject, you can put together an online class 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 to the website using your unique link, you'll receive a commission on their purchase. This 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 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 with them.
A number 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 (free of 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 score and pursue credit card bonuses, you can use 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 can be passive income.Advertise on your blog.If you run a blog and receive decent traffic, so you can incorporate ads to your site. These can normally be on the sidebar, and perhaps at the bottom of your articles.
In case you have a great deal of traffic, then this can add up to a decent chunk of change.If you need to begin a blog, here's my easy ten-minute guide to starting a blog.Rent out additional room in your house.If you have a spare bedroom, you can find a roommate or list the space on AirBnB for travelers.
If your furniture is much more modern but you cant bear to eliminate it perhaps a home stager will be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and hit on your account as monthly payments. There is some chance of default, however, the risk can be minimized with sufficient 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 funds for a short term in exchange for an interest rate that is mutually agreed upon.Design products to sell on CafePress or Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of images could sell, you can post your design on CafePress Shop or Redbubble, where customers can buy many different kinds of merchandise printed with your design.
If one is taken, the only recourse would be to approach the owner to discuss a sale. When there are other variations you can choose, occasionally owning a certain domain (especially if it's connected to a business) can be well worth the premium. Often, individuals will scout out domain names which 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're an influencer and also have your own blog (advertisement + affiliate income). That is how many bloggers make money! Again, it's not 100% passive but once setup properly and then scaled, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but before you buy one make sure that you complete your due diligence.