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However, if marketed correctly (via blogging hubs 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 client can afford to get a functioning laptop, tablet, or smartphone on which to read the e-book, they can manage to purchase a inexpensive e-book without much financial difficulty.
But, online classes even typically 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. By way of example, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Basically, when they click through the website using your unique link, you'll be given a commission on their order. 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 credit account together.
Some of the best travel charge cards offer 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 individuals that 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 use the same ideas towards bank promotions and bonus offers without the 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 can be passive income.Advertise on your blog.If you run a site and receive decent traffic, you can incorporate ads to your website. These can usually be on the sidebar, and perhaps at the bottom of your posts.
If you've got a great deal of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here is my easy ten-minute guide to starting a blog.Rent out additional space in your house.If you get a spare bedroom, you can find a roommate or set the distance on AirBnB for travelers.
If your furniture is much more modern but you cant bear to get rid of it a home stager will be interested.Become a peer to peer peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and hit on your account as monthly payments. There's some risk of default, but the threat can be minimized with sufficient diversification.Become a here are the findings private 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 capital 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 figure out what sorts of images would sell, 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 recourse would be to approach the see post owner to go over a sale. While there are different variations you can choose, occasionally owning a certain domain (especially if it is attached to a 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 visit the website 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). That is the way many bloggers make money! Again, it's not 100% passive but once set up properly 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 until you buy one make sure that you complete your due diligence.