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But 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 well because they are priced low. If your client can afford to have a functioning laptop, tabletcomputer, or smartphone on which to browse the e-book, they can afford to purchase a inexpensive e-book without much financial difficulty.
But, online courses 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 put together an online course to educate others. By way of example, if you have experience in real estate investing, you can create an online class Real Estate Investing 101.
Basically, when they click through the website using your unique link, you will receive 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 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 charge 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 ideas towards bank promotions and bonus offers without the credit hit.
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The income will typically be recorded on a Form 1099-INT so that it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a site and receive decent traffic, you can incorporate ads to your site. These will usually be on the sidebar, and possibly at the bottom of your articles.
In case you have a lot of traffic, then this can add up to some decent chunk of change.If you need to begin a blog, here's my simple 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 space on AirBnB for travellers.
If your furniture is much more modern but you still cant bear to eliminate it 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 is some chance of default, however, the threat can be minimized with sufficient diversification.Become a personal lender.As a private lender, you can lend to anyone in your social circle.
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You discover this can partner with a rehabber who utilizes your capital 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 are creative and can tap into the latest trends to determine what sorts of graphics would sell, you can post your design on CafePress Shop or Redbubble, where customers can purchase many different kinds of merchandise printed with your design.
If one is taken, the only recourse would be to approach the owner to discuss a sale. While there are different variations you could choose, sometimes owning a certain domain (particularly if it is attached to a business) can be well worth the premium. Often, individuals will scout out domain names which are still available, purchase themand then sit on them 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). This is how many bloggers earn money! Again, it is not 100% passive but once setup correctly and then climbed, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure that you complete your due diligence.