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However, if marketed correctly (via blogging hubs in your niche, by way of example), 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 have a functioning notebook, tabletcomputer, or smartphone on which to browse the e-book, they can afford to buy a cheap 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 have technical knowledge in a certain subject, you can assemble an online class to educate others. By way of example, 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 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 begin 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 sign-up bonuses to entice you to open a charge account together.
Some of the best travel credit cards offer 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 (for free airfare).For those 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 rating and chase credit card bonuses, you can use the very same notions towards bank promotions and bonus offers without the credit score hit.
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The income will generally 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, you can incorporate ads to your site. These will usually be on the sidebar, and perhaps at the bottom of your articles.
If you have a great deal of traffic, then this can add up to some decent chunk of change.If you need to start a blog, here is my simple ten-minute guide to starting a blog.Rent out extra space in your house.If you have a spare bedroom, so you can find a roommate or set the space on AirBnB for travelers.
If your furniture is much more modern but you cant bear to eliminate it perhaps a home stager go to website will probably be interested.Become a peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and hit your account as monthly payments. There's some chance of default, however, 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's mutually agreed upon.Design products to market on CafePress or even Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of images would market, you can post your design on CafePress Shop or Redbubble, where customers 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 go over a sale. While there are other variations you can choose, sometimes owning a certain domain read what he said (particularly if it is connected to your business) can be worth the premium. Often, individuals will scout out domain names which are still accessible, purchase 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 site (advertisement + affiliate income). That is the way many bloggers earn 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 cash flow machines, but until you buy one make sure you complete your due diligence.