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But if promoted correctly (via blogging hubs in your niche, for example), you could have residual sales that last a very long time.Generally, e-books can sell well since they are priced low. If your customer can afford to have a functioning laptop, tablet, or smartphone on that to read the e-book, they can afford to purchase 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've technical knowledge in a certain topic, you can assemble an online course to teach others. By way of example, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.
Basically, when they click through to the website using your unique link, you'll be given a commission on their purchase. This is how 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's my easy 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 very best travel credit 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 (for free airfare).For those 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 apply the same notions towards bank promotions and bonus offers with no credit hit.
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The income will generally be recorded 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, you can incorporate ads to your site. These will usually be on the sidebar, and possibly at the bottom of your articles.
If you have a lot of traffic, then this can add up to a 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 have a spare bedroom, so you can find a roommate or list the space on AirBnB site for travellers.
If your furniture is much more modern but you cant bear to get rid of it perhaps a home stager will probably 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 my company 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 utilizes your capital for a short term in exchange for an interest rate that's mutually agreed upon.Design products to market on CafePress or Redbubble.If you're 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 clients can purchase all 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. When there are other variations you could choose, occasionally owning a certain domain (especially if it is attached to your business) can be well worth the premium. Often, people will scout out domain names navigate to this site 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 are an influencer and also have your own blog (advertisement + affiliate income). This is how many bloggers earn money! Again, it's not 100% passive but once set up correctly and then climbed, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but before you buy one make sure you complete your due diligence.