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However, if marketed correctly (through blogging hubs in your niche, for example), you might have residual earnings that last a very long time.Generally, e-books can sell very well because they're priced low. If your client can afford to get a functioning laptop, tablet, or smartphone on that to browse the e-book, they can afford to buy a inexpensive e-book without much financial trouble.
However, online courses 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 assemble an online course to educate others. For instance, 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 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 start 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 you sign-up bonuses to entice you to open a charge account together.
A number of the very best travel charge cards provide 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 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 chase 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 that it'll be taxed like interest income, which is 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 possibly at the bottom of your posts.
In case you've got a lot of traffic, then this can add up to some decent chunk of change.If you need to begin a blog, here's my simple ten-minute guide to starting a blog.Rent out extra room in your house.If you have a spare bedroom, you can find a roommate or set the space on AirBnB for travellers.
If your furniture is much more modern but you still 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 visit here 5-7%+ and hit your account as monthly payments. There is some risk 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 capital for a short term in exchange for an interest rate that's mutually consented upon.Design products to sell on CafePress or even Redbubble.If you're creative and can tap into the latest trends to figure out what sorts of images would sell, you can post your design on CafePress Shop or Redbubble, where customers can purchase all 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 other variations you can choose, occasionally owning a certain domain (particularly if it is attached to a business) can be worth the premium. Often, people will scout out domain names which 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 are an influencer and also have your own site (advertisement + affiliate income). That is how many bloggers make money! Again, it's not 100% passive but once set up 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.