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However, if promoted correctly (through blogging affiliates in your niche, for example), you could have residual earnings that last a very long time.Generally, e-books can sell well since they're priced low. If your customer can afford to get a functioning laptop, tabletcomputer, or smartphone on that to read the e-book, they can manage to buy 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 course to teach others. By way of 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 order. 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 is 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 with them.

A number of the best travel charge cards offer 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 individuals who travel frequently, The FlyerTalk forums are a great 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 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 is passive income.Advertise on your blog.If you run a blog and receive decent traffic, so you can incorporate ads to your website. These will usually be on the sidebar, and possibly 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's my easy ten-minute guide to starting a blog.Rent out extra room in your house.If you get a spare bedroom, you can find a roommate or set the distance on AirBnB for travelers.

This is a super painless way to earn $500 to $1,000 per month without a lot of effort you may even have the ability to cover your mortgage payment with this extra income! (if it is your very first time, then use this link for $40 in traveling credit)Rent out items you already have.Given the growth in the sharing economy, your own junk can begin to pay for itself.

If your furniture is more modern but you cant bear to eliminate it perhaps 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 is some chance of default, however, the threat can be minimized with adequate 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 market on CafePress or even Redbubble.If you're creative and can tap into the most recent trends to site web figure out what sorts of images would market, you can post your design on CafePress Shop or Redbubble, where customers 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 other variations you could choose, sometimes owning a certain domain (particularly if it's connected to your business) can be well worth the premium. Often, people will scout out domain names that are still accessible, buy them, and then sit on them in order to market them down the road.

What Does Passive Income In South Africa Mean?

You can even combine this with different marketing campaigns if you're an influencer and have your own blog (advertisement + affiliate income). This is how many bloggers make 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 before you buy one make sure that you complete your due diligence.