Passive Income In South Africa - Passive Income Ideas - Questions

But if promoted correctly (via 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 because they are priced low. If your customer can afford to get a functioning notebook, tablet, or smartphone on that to read the e-book, they can manage to purchase a inexpensive e-book without much financial difficulty.

However, online courses 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 course to educate others. By way of instance, if you have experience in real estate investing, you can create 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. 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 charge 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 (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 chase credit card bonuses, you can apply the same ideas towards bank promotions and bonus offers with no credit score 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 is passive income.Advertise on your blog.If you run a blog and receive decent more info here traffic, so you can incorporate ads to your site. These will normally be on the sidebar, and possibly my company 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 additional room in your house.If you have a spare bedroom, 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 might even have the ability to pay your mortgage payment with this extra income! (if it is your very first time, then use this link for $40 in travel credit)Rent out items you 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 peer lender.Websites like LendingClub streamline the lending process between peers/friends. Returns are promoted as 5-7%+ and reach on your account as monthly payments. There is some risk of default, but the threat can be minimized with adequate diversification.Become a personal lender.As a private lender, you 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 sell on CafePress or even Redbubble.If you're creative and can tap into the latest trends to determine what sorts of images could market, you can post your design on CafePress Shop or Redbubble, where customers can buy many different navigate here 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. While there are different variations you could choose, occasionally owning a certain domain (especially if it's connected to your 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 sell them down the road.

The Definitive Guide for Passive Income Ideas In South Africa

You can even combine this with different marketing campaigns if you are an influencer and also have your own site (advertisement + affiliate income). That is how many bloggers earn money! Again, it's not 100% passive but once set up 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 before you buy one make sure you complete your due diligence.