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But if marketed correctly (through blogging hubs in your niche, for instance ), you could have residual sales that last a very long time.Generally, e-books can sell very well since they're priced low. If your client can afford to have a functioning notebook, tabletcomputer, or smartphone on which to read the e-book, they can manage to purchase a cheap e-book without much financial difficulty.
However, online classes even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have technical knowledge in a certain subject, you can put together 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.
Basically, when they click through the website using your unique link, you'll be given a commission on their purchase. 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.
Some of the best travel credit cards offer 100,000 points to new accounts when you fulfill 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 score and chase credit card bonuses, you can apply the very same notions towards bank promotions and bonus offers without the 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 site and receive decent traffic, you can incorporate ads to your site. These will normally be on the sidebar, and possibly at the bottom of your posts.
If you have a lot of traffic, then this can add up to a decent chunk of change.If you need to begin a blog, here is 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 list the distance on AirBnB for travelers.
If your furniture is much more modern but you cant bear to get rid of it 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 promoted as 5-7%+ and reach on 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 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 market on CafePress or even Redbubble.If you're 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 is to approach the owner to discuss a sale. When there are other variations you can choose, sometimes owning a certain domain (especially if it's attached to a business) can be worth the premium. Often, people will scout out domain names which are still accessible, buy them, and then sit on them in order to market 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 earn money! Again, it is not 100% passive but once setup properly look these up 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 you complete your due diligence.