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But if promoted correctly (via blogging hubs in your niche, for example), you could have residual sales 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 notebook, tablet, or smartphone on that to read the e-book, they can afford to purchase a inexpensive e-book without much financial trouble.

But, online courses 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 put together an online class to teach 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 will be given a commission on their purchase. 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.

A number of the best travel charge cards provide 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 (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 apply the same ideas towards bank promotions and bonus offers without the credit score hit.

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The income will typically 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 get decent traffic, you can incorporate ads to your website. These will usually be on the sidebar, and perhaps at the bottom of your articles.

If you have a lot of traffic, 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 extra room in your house.If you get a spare bedroom, so you can find a roommate or list the space on AirBnB for travellers.

This is a super painless way to earn $500 to $1,000 a month without a lot of effort you may even have the ability to cover your mortgage payment with this excess income! (if it is your very first time, use this link for $40 in travel credit)Rent out items you 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 a home stager will probably be interested.Become a peer to peer lender.Websites such as LendingClub anchor streamline the lending process between peers/friends. Returns are advertised as 5-7%+ and reach on 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 personal lender, you also can lend to anyone in your social circle.

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You can partner with a rehabber who uses your capital for a short term in exchange for an interest rate that's mutually agreed upon.Design products to sell on CafePress or Redbubble.If you're creative and can tap into the most recent trends to figure out what sorts of images would 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 is to approach the owner to go over a sale. While there are other variations you can choose, occasionally owning a certain domain (particularly if it is connected to your business) can be worth the premium. Often, individuals will scout out domain names that are still accessible, purchase them, and then sit on them in order to market them down the road.

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You can even combine this with different marketing campaigns if you're an influencer and have your own site (advertisement + affiliate income). This is how many bloggers make money! Again, it is not 100% passive but once setup correctly and then climbed, can be surprisingly lucrative.Buy that a laundromat/car wash.Laundromats and car washes are infamous for being cash flow machines, but until you buy one make sure that you complete your due diligence.