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But if promoted correctly (through blogging affiliates in your niche, for example), you could have residual earnings 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 that to read the e-book, they can manage to purchase a inexpensive e-book without much financial trouble.
However, online courses even typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've specialized knowledge in a certain subject, you can put together an online course to teach others. For example, if you have experience in real estate investing, you can create an online class Real Estate Investing 101.
Basically, when they click through the website using your unique link, you'll receive a commission on their purchase. That 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's my simple 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.
A number of the very best travel charge 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 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 notions towards bank promotions and bonus offers without the credit score hit.
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The income will typically be recorded 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 blog and get decent traffic, you can incorporate ads to your site. These will normally be on the sidebar, and possibly at the bottom of your posts.
If you have a lot of traffic, 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 additional space in your house.If you have a spare bedroom, you can find a roommate or list the space on AirBnB for travelers.
If your furniture is more modern but you still cant bear to get rid of it perhaps a home stager will probably be interested.Become a peer to peer peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach on your account as monthly payments. There is some risk of default, however, the threat can be minimized with adequate diversification.Become a private 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 funds for a short term in exchange for an interest rate that's mutually agreed upon.Design products to sell on CafePress or Redbubble.If you are creative and can tap into the most recent trends to determine what sorts of images could sell, you can post your design on CafePress Shop or Redbubble, where customers 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, occasionally owning a certain domain (particularly if it's attached to your business) can be worth the premium. Often, people will scout out domain names which are still available, buy them, and 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 have your own site (advertisement + affiliate income). That is the way many bloggers make money! Again, it is not 100% passive but once set up correctly and then scaled, can be surprisingly lucrative.Buy that 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.