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But if marketed correctly (via blogging affiliates in your niche, by way of example), you could have residual earnings that last a very long time.Generally, e-books can sell very well since they are priced low. If your client can afford to have 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 difficulty.

However, online classes 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 topic, you can put together an online class to educate others. By way of example, 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'll be given a commission on their order. That 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 simple 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 best travel credit 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 great 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 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 is passive income.Advertise on your blog.If you run a blog and get decent traffic, you can incorporate ads to your website. 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 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 additional space in your house.If you get a spare bedroom, so you can find a roommate or set the space on AirBnB for travelers.

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This really is a super painless way to earn $500 to $1,000 per month without much effort you might even be able to pay your mortgage payment with this excess income! (if it is your first time, use this link to get $40 in traveling credit)Rent out things you already have.Given the expansion in the sharing economy, your own junk can begin to pay for itself.

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 advertised as 5-7%+ and reach on your account as monthly payments. There's some risk of default, but 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 read more utilizes your capital for a short term in exchange for an interest rate that is mutually consented upon.Design products to sell on CafePress or Redbubble.If you're creative and can tap into the latest trends to 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 is to approach the owner to discuss a sale. While there are different variations you can choose, sometimes owning a certain domain (particularly if it's attached to your business) can be worth the premium. Often, individuals will scout out domain names which are still accessible, buy them, and then sit on them in order to sell them down the street.

How Passive Income In South Africa can Save You Time, Stress, and Money.


You can even combine this with different marketing campaigns if you are an influencer and have your own site (advertisement + affiliate income). This is the way many bloggers make money! Again, it's not 100% passive but once set up properly and then scaled, can be surprisingly lucrative.Buy that 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.

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