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However, if marketed correctly (through blogging hubs in your niche, for 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, tablet, or smartphone on which to read the e-book, they can afford to buy a cheap 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 have technical knowledge in a certain subject, you can assemble an online class to educate others. For instance, if you have experience in real estate investing, you can create an online course 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 start a blog, here is my simple 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 credit account with them.
A number of the best travel credit cards provide 100,000 points into 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 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 pursue credit card bonuses, you can use the same notions 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 it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a site and receive decent traffic, so you can incorporate ads to your website. These will normally be on the sidebar, and possibly 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 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 find out this here AirBnB for travellers.
If your furniture is 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 advertised as 5-7%+ and reach on your account as monthly payments. There sites is some chance of default, but the risk can 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 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 graphics could 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 go over a sale. While there are other variations you could choose, sometimes owning a certain domain (particularly if it's attached to a business) can be well worth the premium. Often, people will scout out domain names which are still available, buy 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 how many bloggers earn money! Again, it is not 100% passive but once set up properly and then scaled, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but before you buy one make sure that you complete your due diligence.