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But if promoted correctly (through blogging hubs in your niche, by way of example), you could have residual sales that last a very long time.Generally, e-books can sell well because they are priced low. If your customer can afford to get a functioning laptop, tablet, or smartphone on that to browse the e-book, they can afford to buy a cheap e-book without much financial difficulty.
But, online classes even typically 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 course to educate others. By way of instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Basically, when they click through the website using your unique link, you'll be given 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.
Some of the best travel charge cards provide 100,000 points to new accounts when you fulfill 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 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 score and chase credit card bonuses, you can use the same ideas towards bank promotions and bonus offers with no credit score 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 site and get decent traffic, so you can incorporate ads to your website. These can usually be on the sidebar, and perhaps at the bottom of your posts.
In case you've got a lot of traffic, 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 have a spare bedroom, 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 will be interested.Become a peer to peer peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and hit your account as monthly payments. There is some risk of default, but the threat can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you can lend to anyone in your social circle. look what i found
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You can partner with a rehabber who utilizes your capital for a short-term in exchange for an interest rate that's mutually consented upon.Design products to sell on CafePress or even Redbubble.If you're creative and can tap into the latest trends to determine what sorts of images could sell, you can post your design on CafePress Shop or Redbubble, where clients can buy 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 is attached to your 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 road.
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You can even combine this with different marketing campaigns if you're an influencer and have your own blog (advertisement + affiliate income). This is the way many bloggers make money! Again, it is not 100% passive but once setup properly and then climbed, 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.