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But if promoted correctly (through blogging affiliates in your niche, for example), you might have residual sales that last a very long time.Generally, e-books can sell well because they're priced low. If your client can afford to have a functioning notebook, tabletcomputer, or smartphone on that to read the e-book, they can afford to purchase a inexpensive e-book without much financial difficulty.
But, online courses even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've technical knowledge in a certain subject, you can assemble an online class to teach others. By way of instance, 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 will receive a commission on their purchase. That 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 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 with them.
A number of the 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 (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 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 that it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a blog and receive decent traffic, you can incorporate ads to your website. These can normally be on the sidebar, and possibly at the bottom of your articles.
If you have a lot of traffic, then 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, so you can find a roommate or set the distance 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 your account as monthly payments. There is some chance 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 uses your funds 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 latest trends to determine what sorts of graphics could sell, you can post your more design on CafePress Shop or Redbubble, where customers can buy 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 can choose, sometimes owning a certain domain (particularly if it's attached to your business) can be worth the premium. Often, individuals will scout out domain names that are still available, 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're an influencer and have your own site (advertisement + 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 cash flow machines, but until you buy one make sure you complete your due diligence.