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But if promoted correctly (through blogging hubs in your niche, for example), you might have residual sales that last a very long time.Generally, e-books can sell well because they're priced low. If your client can afford to have a functioning laptop, tabletcomputer, or smartphone on that to browse the e-book, they can manage to purchase 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've specialized knowledge in a certain topic, you can put together an online class to educate 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 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 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 credit account with them.
A number of the very best travel credit cards offer 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 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 rating and chase credit card bonuses, you can apply the very same ideas towards bank promotions and bonus offers without the credit score hit.
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The income will typically be reported 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 get decent traffic, so you can incorporate ads to your site. These will usually be on the sidebar, and perhaps at the bottom of your articles.
In case you have a lot of traffic, this can add up to a decent chunk of change.If you need to begin a blog, here is my simple 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 set the distance on AirBnB for travellers.
If your furniture is much more modern but you still cant bear to get rid of 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 advertised as 5-7%+ and reach your account as monthly payments. There is some chance of default, but the risk 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 consented upon.Design products to sell on CafePress or Redbubble.If you are creative and can tap into the latest trends to determine what sorts additional info of graphics could market, you can post your design on CafePress Shop or Redbubble, where clients can buy many different kinds of merchandise printed with your design.
If one is taken, the only Get More Info recourse is to approach the owner to go over a sale. While there are different variations you can choose, sometimes owning a certain domain (particularly if it is connected to your business) can be worth the premium. Often, people will scout out domain names that are still available, buy themand 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 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 setup correctly and then climbed, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but until you buy one make sure you complete your due diligence.