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But if marketed correctly (via blogging hubs in your niche, for example), you could have residual sales that last a very long time.Generally, e-books can sell well since they are priced low. If your client can afford to get a functioning notebook, tablet, or smartphone on which to read the e-book, they can manage to purchase a inexpensive e-book without much financial trouble.
However, online classes even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've technical knowledge in a certain subject, you can assemble an online class to educate others. For example, if you have experience in real estate investing, you can create 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 begin 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 sign-up bonuses to entice you to open a charge account together.
Some of the best travel charge cards provide 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 individuals 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 hit.
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The income will typically be reported 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 site and receive decent traffic, so you can incorporate ads to your site. These can 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 space in your house.If you get a spare bedroom, you can find a roommate or set the space on AirBnB for travellers.
If your furniture is much 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 hit your account as monthly payments. There's some chance of default, however, Homepage 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 utilizes your funds for a short term in exchange for an interest rate that is mutually agreed upon.Design products to sell on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to determine what sorts of images would sell, 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 go over a sale. While there are different variations you can choose, sometimes owning a certain domain (especially if it's connected to your business) can be worth the premium. Often, individuals will scout out domain names that are still accessible, purchase 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're an influencer and also have your own blog (advertisement + affiliate income). This is the way many bloggers earn money! Again, it's not 100% passive but once setup properly and then scaled, can be surprisingly lucrative.Buy that 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.