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But if promoted correctly (through blogging hubs in your niche, for example), you might 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 get a functioning notebook, tabletcomputer, or smartphone on which to read the e-book, they can afford to purchase a inexpensive e-book without much financial difficulty.
But, online classes even generally 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.
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 begin 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 charge account together.
A number of the 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 those that travel frequently, The FlyerTalk forums are a terrific 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 same ideas towards bank promotions and bonus offers with no credit score 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 can be passive income.Advertise on your blog.If you run a blog and receive decent traffic, so you can incorporate ads to your website. These will usually be on the sidebar, and possibly at the bottom of your posts.
If you've got a great deal of traffic, this can add up to some decent chunk of change.If you need to start 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 distance on AirBnB for travelers.
If your furniture is more modern but you still cant bear to get rid of it a home stager will be interested.Become a peer to 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 risk of default, but the threat can be minimized with adequate diversification.Become a personal 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's mutually agreed upon.Design products to market on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to determine what sorts of images would market, you can post your design on CafePress Shop or Redbubble, where clients can purchase all different kinds of merchandise printed with your design.
If one is taken, the only recourse would be to approach the owner to discuss a sale. When there are different variations you could choose, sometimes owning a certain domain (especially if it is attached to a business) can be well worth the premium. Often, individuals will scout out domain names which are still accessible, purchase official source 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're an influencer and also have your own site (advertisement + affiliate income). This is the way many bloggers earn money! Again, it is not 100% passive but once setup properly and then climbed, 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.