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But if marketed correctly (via blogging hubs in your niche, by way of instance ), you could have residual earnings that last a very long time.Generally, e-books can sell well since they're priced low. If your customer can afford to get a functioning laptop, 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 have specialized knowledge in a certain subject, you can assemble an online class to teach others. For example, if you have experience in real estate investing, you can produce an online class Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you will be given a commission on their order. 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 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.
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 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 chase credit card bonuses, you can apply the same ideas 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 is passive income.Advertise on your blog.If you run a blog and get decent traffic, so you can incorporate ads to your site. These will usually be on the sidebar, and possibly at the bottom of your articles.
If you have a lot of traffic, this can add up to some decent chunk of change.If you need to start a blog, here's my simple 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 set the distance on AirBnB for travellers.
If your furniture is much more modern but you still cant bear to get rid of it perhaps a home stager will be interested.Become a peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach your account as monthly payments. There is some risk 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 agreed upon.Design products to sell on CafePress or Redbubble.If you're creative and can tap into the latest trends to determine what sorts of images would 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 discuss a sale. When there are different variations you could choose, sometimes owning a certain domain (particularly if it's connected to a business) can be worth the premium. Often, people will scout out domain names that are still accessible, buy them, and then sit on them in order to sell them down the road.
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You can even combine this with different marketing campaigns if you're an influencer and also Homepage have your own blog (advertisement + affiliate income). This is how many bloggers earn money! Again, it is not 100% passive but once setup correctly and then scaled, can be surprisingly lucrative.Buy a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but until you buy one make sure that you complete your due diligence.