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However, if promoted correctly (via blogging hubs in your niche, for example), you might have residual earnings that last a very long time.Generally, e-books can sell well because they are priced low. If your customer can afford to get a functioning notebook, tablet, or smartphone on which to browse the e-book, they can afford to buy a cheap e-book without much financial difficulty.
However, online courses even typically 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 put together an online class to educate others. For instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you will be given a commission on their purchase. This 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 sign-up bonuses to entice you to open a credit account with them.
Some of the best travel charge cards offer 100,000 points into 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 (for free airfare).For those that 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 rating and chase credit card bonuses, you can use the very same notions towards bank promotions and bonus offers with no credit score 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 blog and receive decent traffic, you can incorporate ads to your site. These can usually be on the sidebar, and possibly at the bottom of your articles.
If you've got a lot of traffic, then this can add up to a decent chunk of change.If you need to begin a blog, here's my easy ten-minute guide to starting a blog.Rent out additional space in your house.If you have a spare bedroom, so you can find a roommate or set the distance on AirBnB for travellers.
If your furniture is more modern but you still cant bear to get rid of it perhaps a home stager will probably 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 your account as monthly payments. There is some risk of default, however, the threat can be minimized with sufficient 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 utilizes your funds for a short term in exchange for an interest rate that's mutually agreed upon.Design products to sell on CafePress or Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of images would market, you can post your design on CafePress Shop or Redbubble, where clients 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 discuss a sale. When there are different variations you could choose, occasionally owning a certain domain (especially if it is attached to your business) can be well worth the premium. Often, individuals will scout out domain names that are still available, purchase 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're an influencer and also have continue reading this your own blog (advertisement get more + affiliate income). That is the way many bloggers make money! Again, it's not 100% passive but once set up correctly 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 you complete your due diligence.