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But if marketed correctly (via blogging affiliates in your niche, for instance ), you might have residual sales that last a very long time.Generally, e-books can sell very well since they are priced low. If your customer can afford to get a functioning laptop, tabletcomputer, or smartphone on which to read the e-book, they can manage to buy a cheap e-book without much financial trouble.
However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've specialized knowledge in a certain subject, you can assemble an online course to teach others. For instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Fundamentally, when they click through the website using your unique link, you will receive a commission on their purchase. 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 easy 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 charge cards provide 100,000 points into new accounts when you meet 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 great resource.Take advantage of bank account promotions.If you don't want to mess with your credit score and chase credit card bonuses, you can apply the very same notions towards bank promotions and bonus offers without the 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 blog and get decent traffic, you can incorporate ads to your site. These can usually be on the sidebar, and possibly 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 additional room in your house.If you get a spare bedroom, so you can find a roommate or list the distance on AirBnB for travellers.
If your furniture is much more modern but you cant bear to eliminate it perhaps 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 reach on your account as monthly payments. There is some risk of default, however, the threat 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 uses your funds for a short term in exchange for an interest rate that's mutually agreed upon.Design products to sell on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to determine what sorts of graphics would market, you can post your design on CafePress Shop or Redbubble, where clients can purchase many different kinds of merchandise printed with your design.
If one is taken, the only recourse would be to approach the owner to go over a sale. When there are other variations you could choose, occasionally owning a certain domain (particularly if it is connected to a business) can be worth the premium. Often, individuals will scout out domain names which are still accessible, buy themand then sit on them in order to market them down the road.
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You can even combine this with different marketing campaigns if you are an influencer and have your own blog (advertisement + affiliate income). This is the way many bloggers earn money! Again, it is not 100% passive this article 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 before you buy one make sure that you complete your due diligence.