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But if promoted correctly (through blogging affiliates in your niche, for example), you could have residual sales that last a very long time.Generally, e-books can sell well since they're priced low. If your client can afford to have 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.
But, online classes even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've specialized knowledge in a certain topic, you can assemble an online class to teach others. By way of 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'll be given a commission on their purchase. 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's 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 credit account together.
Some of the best travel credit cards provide 100,000 points to 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 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 rating and chase credit card bonuses, you can apply the very same ideas towards bank promotions and bonus offers with no credit hit.
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The income will typically be recorded 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 receive decent traffic, you can incorporate ads to your website. These will normally be on the sidebar, and perhaps at the bottom of your articles.
If you have a lot of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here is my easy ten-minute guide to starting a blog.Rent out additional space in your house.If you have a spare bedroom, 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 peer lender.Websites such as LendingClub streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach on your account as monthly payments. There is some risk of default, however, 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 uses your funds for a short term in exchange for an interest rate that is mutually consented upon.Design products to market on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of graphics would sell, you can post your design on CafePress Shop or Redbubble, where clients can buy many 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 different variations you can choose, occasionally 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 available, 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 are an influencer and also have your own site (advertisement + affiliate income). This 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 that a laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but before you buy one make sure that you complete your due diligence.