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But if promoted correctly (through blogging hubs in your niche, for instance ), you might 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 laptop, tabletcomputer, or smartphone on which to browse the e-book, they can manage to purchase a inexpensive e-book without much financial difficulty.
However, online courses 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 put together an online class to educate others. For instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Basically, when they click through to 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 charge account with them.
A number of the best travel credit cards offer 100,000 points into 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 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 pursue credit card bonuses, you can use the same ideas towards bank promotions and bonus offers with no credit 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 is passive income.Advertise on your blog.If you run a site and receive decent traffic, you can incorporate ads to your website. These will normally be on the sidebar, and perhaps at the bottom of your posts.
If you've got a lot of traffic, 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 additional room in your house.If you get a spare bedroom, so you can find a roommate or list the space on AirBnB for travelers.
If your furniture is more modern but you cant bear to get rid of it 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 hit on your account as monthly payments. There's some chance of default, however, the risk can be minimized with adequate diversification.Become a private 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 even Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of images could market, you can post your design on CafePress Shop or Redbubble, where customers can buy many different kinds of merchandise printed with your design.
If one is taken, the only recourse is to approach the owner to go over a sale. While 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, people will scout out domain names which are still accessible, buy them, and 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 have your own blog (advertisement + affiliate income). This is how many bloggers earn money! Again, it's not 100% passive view but once setup correctly and then scaled, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but before you buy one make sure that you complete your due diligence.