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But if promoted correctly (via blogging affiliates 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 since they're priced low. If your customer can afford to get a functioning notebook, tablet, or smartphone on which to browse the e-book, they can afford to buy a inexpensive e-book without much financial difficulty.
But, online courses 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 topic, you can assemble an online class to teach others. For example, if you have experience in real estate investing, you can create an online class Real Estate Investing 101.
Basically, when they click through the website using your unique link, you will be given a commission on their order. That 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 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 with them.
Some of the best travel credit 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 (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 very same ideas towards bank promotions and bonus offers without the credit score 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 can be passive income.Advertise on your blog.If you run a blog and get decent traffic, so you can incorporate ads to your website. These will normally be on the sidebar, and perhaps at the bottom of your articles.
In case you have 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 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 company website furniture is more modern but you still cant bear to get rid of it 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 advertised as 5-7%+ and hit your account as monthly payments. There is some risk of default, but the threat can be minimized with sufficient 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 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 Redbubble.If you are creative and can tap into the latest trends to figure out what sorts of graphics could market, 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 discuss a sale. When 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, people will scout out domain names which are still accessible, purchase them, and 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 site (advertisement + affiliate income). This is how many bloggers earn money! Again, it's 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 before you buy one make sure you complete your due diligence.