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However, if marketed correctly (through blogging affiliates in your niche, for instance ), you could have residual sales that last a very long time.Generally, e-books can sell very well because they are priced low. If your customer can afford to get a functioning laptop, tabletcomputer, or smartphone on which to browse the e-book, they can manage to purchase a cheap e-book without much financial trouble.
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 topic, 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 class Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you will be given a commission on their purchase. 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 simple 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 credit account with them.
Some of the best travel credit cards provide 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 individuals 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 same notions towards bank promotions and bonus offers with no credit 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 is passive income.Advertise on your blog.If you run a site 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 posts.
In case you've got a great deal of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here is my simple ten-minute guide to starting a blog.Rent out additional space in your house.If you have a spare bedroom, so you can find a roommate or set the distance on AirBnB for travelers.
If your furniture is more modern but you cant bear to eliminate it perhaps a home stager will be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach your account as monthly payments. There's some risk of default, however, the risk 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 even Redbubble.If you're creative and can tap into the latest trends to figure out what sorts of graphics 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. While there are other variations you could choose, sometimes owning a certain domain (especially if it is connected to your business) can be worth the premium. Often, people will scout out domain names that are still accessible, purchase themand then sit on them learn this here now in order to sell them down the street.
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You can even combine this with different marketing campaigns if you are an influencer and have your own blog (advertisement + affiliate income). That is the way many bloggers make 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 money flow machines, but before you buy one make sure you complete your due diligence.