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However, if promoted correctly (through blogging hubs in your niche, for example), you could have residual earnings that last a very long time.Generally, e-books can sell very well because they are 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.
However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've specialized knowledge in a certain topic, you can put together an online course to educate others. For instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.
Fundamentally, when they click through the website using your unique link, you will receive 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 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 charge cards offer 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 pursue credit card bonuses, you can apply the same notions towards bank promotions and bonus offers with no credit hit.
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The income will generally be recorded 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 blog and get decent traffic, so you can incorporate ads my response to your site. These will normally be on the sidebar, and perhaps at the bottom of your posts.
If 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 is my easy ten-minute guide to starting a blog.Rent out extra room in your house.If you have a spare bedroom, you can find a roommate or set the distance on AirBnB for travelers.
If your furniture is more modern but you still cant bear to eliminate 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 promoted as 5-7%+ and hit on your account as monthly payments. There's some risk of default, however, the risk can be minimized with sufficient diversification.Become a private 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 utilizes your capital 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're creative and can tap into the most recent trends to determine what sorts of images would market, 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 can choose, sometimes owning a certain domain (especially if it is connected to a business) can be worth the premium. Often, people will scout out domain names that are still available, purchase 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 blog (advertisement + affiliate income). This is how many bloggers make money! Again, it's not 100% passive but once setup 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 you complete your due diligence.