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However, if marketed correctly (via blogging affiliates in your niche, for instance ), you might have residual sales that last a very long time.Generally, e-books can sell well because they're priced low. If your customer can afford to have a functioning notebook, tablet, or smartphone on which to read the e-book, they can manage to purchase a cheap e-book without much financial difficulty.
However, online courses even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you have specialized knowledge in a certain subject, you can assemble an online class to teach others. For instance, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you'll receive a commission on their purchase. That 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 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 together.
A number of the best travel credit cards offer 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 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 pursue credit card bonuses, you can apply the same ideas towards bank promotions and bonus offers without the credit hit.
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The income will generally be reported on a Form 1099-INT so it'll be taxed like interest income, which can be passive income.Advertise on your blog.If you run a site and receive decent traffic, you can incorporate ads to your site. These can normally be on the sidebar, and perhaps at the bottom of your posts.
In case you've got a lot 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 additional room 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 more modern but you still cant bear to eliminate it a home stager will be interested.Become a peer to peer anchor lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and hit on your account as monthly payments. There's some chance of default, however, the risk can be minimized with adequate diversification.Become a personal lender.As a private lender, you also 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 market on CafePress or even Redbubble.If you're creative and can tap into the latest trends to figure out what sorts of images could sell, you can post your design on CafePress Shop or Redbubble, where customers can buy many different kinds of merchandise printed with your design.
If one is taken, the look at this now only recourse is to approach the owner to go over a sale. While there are other variations you can choose, occasionally owning a certain domain (especially if it is connected to a business) can be 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're an influencer and have your own blog (advertisement + affiliate income). This is the way many bloggers make money! Again, it's 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 money flow machines, but until you buy one make sure that you complete your due diligence.