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However, if promoted correctly (through blogging affiliates in your niche, for example), you could 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 laptop, tablet, or smartphone on that to browse the e-book, they can manage to purchase a inexpensive e-book without much financial trouble.
However, online classes even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've technical knowledge in a certain topic, you can put together an online course to teach others. By way of example, if you have experience in real estate investing, you can create an online class Real Estate Investing 101.
Fundamentally, when they click through the website using your unique link, you will 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 start 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 charge account together.
A number of the very best travel credit 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 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 apply the very same ideas towards bank promotions and bonus offers with no credit score hit.
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The income will typically be reported on a Form 1099-INT so that 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 normally be on the sidebar, and perhaps at the bottom of your posts.
In case you've got a lot of traffic, 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 additional space in your house.If you have a spare bedroom, so you can find a roommate or list the space on AirBnB for travelers.
If your furniture is much more modern but you still cant bear to get rid of it a home stager will be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and hit your account as monthly payments. There's some risk of default, however, the threat can site be minimized with sufficient diversification.Become a 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 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 would market, you can post your design on CafePress Shop or Redbubble, where clients can buy all 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, sometimes owning a certain domain (especially if it's connected to your business) can be worth the premium. Often, people will scout out domain names that are still available, purchase themand then sit on them in order to sell them down the street.
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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). That is how many bloggers make money! Again, it's 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.