A Biased View of Passive Income In South Africa

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But if marketed correctly (through blogging affiliates in your niche, for example), 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 customer can afford to have a functioning laptop, tabletcomputer, or smartphone on that to browse the e-book, they can manage to purchase a inexpensive e-book without much financial trouble.

However, online classes even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you have specialized knowledge in a certain subject, you can assemble an online course to teach others. For 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 begin 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 charge account with them.

Some of the very 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 (free of 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 ideas towards bank promotions and bonus offers without the 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 site and get decent traffic, so you can incorporate ads to your site. These will normally be on the sidebar, and possibly at the bottom of your posts.

In case you've got a great deal of traffic, then this can add up to a decent chunk of change.If you need to begin a blog, here is 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 space on AirBnB for travellers.



The Main Principles Of Passive Income In South Africa The 6-Minute Rule for Passive Income In South Africa
This is a super painless way to earn $500 to $1,000 a month without much effort you may even be able to pay your mortgage payment with this excess income! (if it is your very first time, use this link for $40 in travel credit)Rent out things you already have.Given the expansion in the sharing economy, your own junk can start to pay for itself.

If your furniture is much more modern but you still cant bear to eliminate it perhaps a home stager will probably be interested.Become a peer to peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach your account as monthly payments. There is some chance of default, however, the threat can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you can lend to anyone in your social circle.



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A Biased View of Passive Income In South Africa

You can partner with a rehabber who utilizes your funds 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 are creative and can tap into the most recent trends to determine what sorts of graphics would sell, you can post your design on CafePress Shop or Redbubble, where clients can buy many different kinds of merchandise printed with your design.

If one is taken, the important link only recourse is to approach the owner to discuss a sale. While there are different variations you could choose, sometimes owning a certain domain (particularly if it is attached to a business) can be well worth the premium. Often, people will scout out domain names that are still accessible, purchase themand then sit on them in order to sell them down the street.



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You can even combine this with different marketing campaigns if you're an influencer and also have your own blog (advertisement + affiliate income). That is how 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 visite site laundromat/car wash.Laundromats and car washes are infamous for being money flow machines, but until you buy one make sure you complete your due diligence.

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