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However, 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 since they're priced low. If your client can afford to get a functioning laptop, 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 classes even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have technical 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 produce an online course Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you'll receive a commission on their order. 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's 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 with them.
A number of the 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 (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 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 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 get decent traffic, so you can incorporate ads to your website. These will usually be on the sidebar, and perhaps at the bottom of your posts.
In case 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 extra space 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 webpage but you cant bear to eliminate it perhaps a home stager will probably be interested.Become a peer to 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, but 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 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're creative and can tap into the most recent 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 would be to approach the owner to go over a sale. When there are different variations you could choose, occasionally owning a certain domain (particularly if it's attached to your business) can be well worth the premium. Often, individuals will scout out domain names that are still accessible, purchase 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 site (advertisement + affiliate income). This is how many bloggers earn money! Again, it is not 100% passive but once set up properly and then scaled, can my latest blog post be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure you complete your due diligence.