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But 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 well since they are priced low. If your client can afford to get a functioning laptop, tablet, or smartphone on that to read the e-book, they can manage to purchase 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. Make an online course.If you've specialized knowledge in a certain topic, you can put together an online class to teach others. For instance, if you have experience in real estate investing, you can create an online class Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you will receive a commission on their order. 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 easy 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 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 who 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 pursue credit card bonuses, you can use the same notions towards bank promotions and bonus offers without the credit 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 get decent traffic, so you can incorporate ads to your site. These can 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 start 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 more modern but you cant bear to eliminate it a home stager will probably be interested.Become a peer to 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's some chance of default, but the threat can be minimized with adequate diversification.Become a personal 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 uses your funds for a short-term in exchange for an interest rate that is mutually agreed upon.Design products to sell on CafePress or Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of images could sell, you can post your design on CafePress Shop or Redbubble, where customers can purchase many different kinds of merchandise his explanation 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 could choose, sometimes owning a certain domain (particularly if it's connected to your business) can be worth the premium. Often, individuals will scout out domain names that are find still available, buy 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.