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But if marketed correctly (through blogging hubs in your niche, for example), you might have residual earnings that last a very long time.Generally, e-books can sell very well since they're priced low. If your customer can afford to get a functioning laptop, tablet, or smartphone on that to read the e-book, they can manage 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 class to educate 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 the website using your unique link, you'll be given 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 start 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 you sign-up bonuses to entice you to open a credit account together.
A number of the very best travel credit cards offer 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 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 use the very same notions towards bank promotions and bonus offers without the credit score hit.
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The income will generally 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 get decent traffic, you can incorporate ads to your website. These can normally be on the sidebar, and possibly at the bottom of your posts.
If you have a great deal of traffic, then this can add up to some 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 cant bear to eliminate it perhaps a home stager will probably be interested.Become a peer to peer peer lender.Websites like 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 personal 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's mutually agreed upon.Design products to market 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 customers can buy all 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 can choose, sometimes owning a certain domain (especially if it is connected to a business) can be well worth the premium. Often, individuals will scout out domain names that are still available, buy themand then sit on them in order to sell them down the street.
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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 the way 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 cash flow machines, but before you buy one make sure you complete your due diligence.