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But if promoted correctly (through blogging affiliates in your niche, by way of example), you could have residual earnings that last a very long time.Generally, e-books can sell well since they're priced low. If your client can afford to have a functioning laptop, tabletcomputer, or smartphone on which to read the e-book, they can afford to buy 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 technical knowledge in a certain topic, you can put together an online course to educate others. For 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'll 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 start a blog, here is 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 credit account with them.
Some of the very best travel credit cards offer 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 who 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 rating and chase credit card bonuses, you can use the same ideas towards bank promotions and bonus offers without the credit score hit.
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The income will typically 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, so you can incorporate ads to your website. These can normally be on the sidebar, and possibly at the bottom of your articles.
If you've got a great deal of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here's 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 distance on AirBnB for travelers.
If your furniture is more modern but you cant bear to eliminate it perhaps a home stager will be read interested.Become a peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach on your account as monthly payments. There's some risk of default, but the risk can be minimized with adequate diversification.Become a private 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 capital for a short term in exchange for an interest rate that is mutually consented upon.Design products to market on CafePress or even Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of graphics would sell, you can post your design on CafePress Shop or Redbubble, where customers can purchase all different kinds of merchandise printed with your design.
If one is taken, the only recourse is to approach the owner to discuss a sale. When there are different variations you can choose, occasionally owning a certain domain (particularly if it's connected to your business) can be worth the premium. Often, individuals will scout out domain names that are still available, buy them, and 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 also have your own blog (advertisement + affiliate income). That is the way many bloggers make money! Again, it is not 100% passive but once set up properly 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 until you buy one make sure that you complete your due diligence.