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But if marketed correctly (via blogging affiliates in your niche, for example), you might 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 notebook, tabletcomputer, or smartphone on which to browse the e-book, they can afford to buy a cheap e-book without much financial trouble.
But, online courses even typically cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've technical 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 will receive 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 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 you sign-up bonuses to entice you to open a credit account together.
Some of the very 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 (for free 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 pursue credit card bonuses, you can apply the very same ideas towards bank promotions and bonus offers with no 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 is passive income.Advertise on your blog.If you run a blog and get decent traffic, so you can incorporate ads to your website. These will usually be on the sidebar, and possibly at the bottom of your articles.
In case you've got a great deal of traffic, then 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 Homepage starting a blog.Rent out extra room in your house.If you have a spare bedroom, so you can find a roommate or set the distance on AirBnB for travellers.
If your furniture is more modern but you still cant bear to get rid of it a home stager will probably be interested.Become a peer to peer peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and hit your account as monthly payments. There is some chance of default, but the threat can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you also 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 consented upon.Design products to market on CafePress or even Redbubble.If you're creative and can tap into the most recent trends to figure out what sorts of images would market, you can post your design on CafePress Shop or Redbubble, where clients can buy all different kinds of merchandise printed with your design.
If one is taken, the only recourse would be to approach the owner to go over a sale. When there are different variations you could choose, sometimes owning a certain domain (particularly if it is connected to a business) can be worth the premium. Often, people will scout out domain names which are still available, purchase themand then sit on them in order to market them down the street.
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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 the way many bloggers earn money! Again, it's 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 cash flow machines, but until you buy one make sure you complete your due diligence.