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But if promoted correctly (through blogging hubs in your niche, by way of example), you might have residual earnings that last a very long time.Generally, e-books can sell very well because they're priced low. If your client can afford to get a functioning notebook, tabletcomputer, or smartphone on that to read the e-book, they can manage to purchase a cheap e-book without much financial trouble.
However, online classes 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 assemble an online class to educate others. For example, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.
Fundamentally, when they click through to the website using your unique link, you will be given a commission on their purchase. That 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 easy 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 credit account with them.
Some 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 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 without the 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 is passive income.Advertise on your blog.If you run a blog and get decent traffic, so you can incorporate ads to your website. These can normally be on the sidebar, and possibly at the bottom of your articles.
In case you've got a lot of traffic, then 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 home get a spare bedroom, so you can find a roommate or list the space on AirBnB for travelers.
If your furniture is much more modern but you still cant bear to eliminate it a home stager will probably be interested.Become a peer to peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach on your account as monthly payments. There's some risk of default, but the risk can be minimized with sufficient 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 sell on CafePress or even Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of graphics could sell, you can post your design on CafePress Shop or Redbubble, where clients can purchase many 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's attached to a business) can be worth the premium. Often, people will scout out domain names which are still available, purchase them, and then sit on them in order to sell them my response down the road.
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You can even combine this with different marketing campaigns if you're an influencer and have your own blog (advertisement + affiliate income). That is the way many bloggers earn money! Again, it's not 100% passive but once set up 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 you complete your due diligence.