Passive Income In South Africa - An Overview

But if marketed correctly (through blogging affiliates in your niche, for instance ), you might have residual sales that last a very long time.Generally, e-books can sell very well since they're priced low. If your client can afford to have a functioning laptop, tabletcomputer, or smartphone on that to read the e-book, they can afford to purchase a cheap e-book without much financial trouble.

However, online courses even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've technical knowledge in a certain topic, you can put together an online course to educate others. For example, if you have experience in real estate investing, you can produce an online course Real Estate Investing 101.

Basically, when they click through the website using your unique link, you'll receive 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 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 together.

A number 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 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 score and chase credit card bonuses, you can use the same ideas towards bank promotions and bonus offers with no credit score 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 can be passive income.Advertise on your blog.If you run a site and receive decent see here now traffic, you can incorporate ads to your website. These will usually be on the sidebar, and possibly at the bottom of your posts.

If you've got a lot of traffic, this can add up to a decent chunk of change.If you need to start a blog, here is my simple ten-minute guide to starting a blog.Rent out additional room in your house.If you get a spare bedroom, you can find a roommate or list the space on AirBnB for travelers.

This really is a super painless way to earn $500 to $1,000 a month without much effort you may even have the ability to pay your mortgage payment with this excess income! (if it's your first time, then use this link for $40 in traveling credit)Rent out things 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 get rid of 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 chance of default, however, the threat can be minimized with adequate diversification.Become a personal 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 consented upon.Design products to market on CafePress or even Redbubble.If you are creative and can tap into the latest trends to determine what sorts of images could sell, 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 go over a sale. When there are different variations you can choose, sometimes owning a certain domain (especially if it's connected to a business) can be well worth the premium. Often, people will scout out domain names that are still available, purchase themand then sit on them in order to market them down the street.

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You can even combine this with different marketing campaigns if you're an influencer and have your own blog (advertisement + affiliate income). This is the way many bloggers earn money! Again, it is 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 cash flow machines, but before you buy one make sure that you complete your due diligence.