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But if marketed correctly (through blogging hubs in your niche, for instance ), you could have residual earnings that last a very long time.Generally, e-books can sell well since they are priced low. If your client can afford to get a functioning notebook, tabletcomputer, or smartphone on which to browse the e-book, they can afford to purchase a cheap e-book without much financial difficulty.
But, online classes even generally 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 assemble an online course to educate others. For 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 receive a commission on their purchase. 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 begin 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 together.
A number of the best travel credit cards provide 100,000 points to 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 (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 score and pursue credit card bonuses, you can use the 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 it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a blog and receive decent traffic, so you can incorporate ads to your site. These will usually be on the sidebar, and possibly at the bottom of your posts.
In case you have a great deal of traffic, this can add up to a decent chunk of change.If you need to begin a blog, here's my simple ten-minute guide to starting a blog.Rent out additional room in your house.If you get click to read more a spare bedroom, you can find a roommate or list the space on AirBnB for travellers.
If your furniture is much more modern but you still 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 promoted as 5-7%+ and reach on your account as monthly payments. There's some risk of default, but the risk can be minimized with adequate diversification.Become a private lender.As a personal lender, you also 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're creative and can tap into the most recent trends to determine what sorts of images would sell, you can post your design on CafePress Shop or Redbubble, where customers can buy all different kinds of merchandise home printed with your design.
If one is taken, the only recourse would be to approach the owner to discuss a sale. While there are other variations you could choose, sometimes owning a certain domain (especially if it is attached to your business) can be well worth the premium. Often, people will scout out domain names that are still accessible, 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 are an influencer and have your own blog (advertisement + affiliate income). This is the way many bloggers make money! Again, it is not 100% passive but once set up correctly and then climbed, 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 you complete your due diligence.