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However, if marketed correctly (via blogging hubs in your niche, by way of 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, tabletcomputer, or smartphone on which to browse the e-book, they can afford to buy a inexpensive e-book without much financial difficulty.
However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have technical knowledge in a certain subject, you can put together an online course to educate others. For example, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you'll receive a commission on their order. This 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 credit account together.
A number of the very 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 (for free airfare).For those 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 chase credit card bonuses, you can use the same ideas towards bank promotions and bonus offers without the credit score 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 normally be on the sidebar, and perhaps at the bottom of your posts.
If you have a great deal of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here's my easy ten-minute guide to starting a blog.Rent out additional room in your house.If you have a spare bedroom, so you can find a roommate or list the distance on AirBnB for travelers.
If your furniture is more modern but you still cant bear to eliminate it perhaps a home stager will be interested.Become a peer to peer peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach on your account as monthly payments. There's some risk of default, however, the risk can be minimized with sufficient diversification.Become a personal lender.As a private lender, you also can lend to anyone in your social circle.
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You can partner with a rehabber who utilizes check it out 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 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 customers can purchase all different kinds of merchandise printed with your design.
If one is taken, the only recourse is to approach the owner to discuss a sale. When there are different variations you could choose, occasionally owning a certain domain (especially if it's attached to a business) can be worth the premium. Often, individuals will scout out domain names that are still available, purchase themand then sit on them in order to market them down the street.
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You can even combine this with different marketing campaigns if you're an influencer and also have your own blog (advertisement + affiliate income). That is the way many bloggers make 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 until you buy one make sure you complete your due diligence.