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But if promoted correctly (via blogging affiliates in your niche, for example), you could have residual sales that last a very long time.Generally, e-books can sell very well since they are priced low. If your client can afford to have a functioning notebook, tablet, or smartphone on which to browse the e-book, they can afford to purchase a cheap e-book without much financial trouble.
However, online courses 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 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 course Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you'll receive 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 begin 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 together.
A number of the very best travel charge 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 (for free airfare).For those who 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 chase 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 generally be reported on a Form 1099-INT so that it'll be taxed like interest income, which is passive income.Advertise on your blog.If you run a site and get decent traffic, you can incorporate ads to your website. These will normally be on the sidebar, and possibly at the bottom of your posts.
In case you've got a great deal of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here is my simple ten-minute guide to starting a blog.Rent out additional space in your house.If you get a spare bedroom, you can find a roommate or set the distance on AirBnB for travelers.
If your furniture is much 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 is some chance of default, but the threat can be minimized with adequate diversification.Become a private lender.As a private lender, you also can lend to anyone in your social circle.
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You can partner with a rehabber who uses 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're creative and can tap into the latest 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. When there are other variations you can choose, occasionally owning a certain domain (especially if it is connected to your business) can be well worth the premium. Often, individuals will scout out domain names that are still available, purchase themand 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 are an influencer and have your own blog (advertisement + affiliate income). This is how many bloggers make 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 until you buy one make sure that you complete your due diligence.