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However, if promoted correctly (through blogging hubs in your niche, for instance ), you might have residual sales that last a very long time.Generally, e-books can sell very well because 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 inexpensive e-book without much financial difficulty.
But, online classes even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have technical knowledge in a certain subject, you can assemble an online class to educate others. For instance, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.
Basically, when they click through the website using your unique link, you'll receive 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 charge account with them.
Some of the best travel charge cards provide 100,000 points into 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 those 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 score and chase 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 typically be reported on a Form 1099-INT so that it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a site and receive decent traffic, so you can incorporate ads to your site. These will normally be on the sidebar, and possibly at the bottom of your articles.
If you have a great deal of traffic, then this can add up to a decent chunk of change.If you need to begin a blog, here is my easy ten-minute guide to starting a blog.Rent out extra room in your house.If you have a spare bedroom, you can find a roommate or list the space on AirBnB for travellers.
If your furniture is more modern but you cant bear to eliminate it perhaps a home stager will be interested.Become a peer to peer peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach on your account as monthly payments. There is some risk of default, but the risk can be minimized with adequate diversification.Become a personal lender.As a private 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's mutually consented upon.Design products to market on CafePress or Redbubble.If you're creative and site can tap into the latest trends to determine what sorts of images would sell, you can post your design on CafePress Shop or Redbubble, where clients can purchase many 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 could choose, occasionally owning a certain domain (particularly if it is attached to a business) can be worth the premium. Often, individuals will scout out domain names that are still accessible, buy themand then sit on them in order to market 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 site (advertisement + affiliate income). That is how many bloggers earn money! Again, it is not 100% passive but once setup correctly and then climbed, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure you complete your due diligence.