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But if promoted correctly (through blogging affiliates in your niche, by way of example), you might have residual sales that last a very long time.Generally, e-books can sell well because they are priced low. If your customer can afford to have a functioning notebook, tablet, or smartphone on that to browse the e-book, they can afford to purchase a cheap e-book without much financial difficulty.
However, online classes even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have specialized knowledge in a certain topic, you can assemble an online course to educate others. For example, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you'll receive 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 begin a blog, here is 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 with them.
A number of the very best travel charge cards offer 100,000 points to 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 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 score and pursue credit card bonuses, you can apply the very same ideas towards bank promotions and bonus offers with no credit 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 receive decent traffic, so you can incorporate ads to your site. These can normally be on the sidebar, and possibly at the bottom of your articles.
If you've got a lot of traffic, this can add up to some decent chunk of change.If you need to start a blog, here's my easy ten-minute guide to starting a blog.Rent out extra space in your house.If you get a spare bedroom, you can find a roommate or set the space on AirBnB for travelers.
If your furniture is much more modern but you cant bear to get rid of it perhaps 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 reach on your account as monthly payments. There is some chance of default, however, the threat can be minimized with adequate diversification.Become a personal 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 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 could my blog market, you can post your design on CafePress Shop or Redbubble, where clients can purchase all different kinds of merchandise printed with your design.
If one is taken, the only recourse is to approach the owner to go over a sale. When there are different variations you could choose, sometimes owning a certain domain (especially if it's connected to a business) can be well worth the premium. Often, individuals will scout out domain names which are still accessible, purchase 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 site (advertisement + affiliate income). This is how many bloggers earn money! Again, it is not 100% passive but once setup properly and then scaled, can 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 that you complete your due diligence.