The Passive Income In South Africa Diaries

However, if promoted correctly (via blogging hubs in your niche, for instance ), you might have residual earnings that last a very long time.Generally, e-books can sell well since they're priced low. If your customer can afford to have a functioning laptop, tabletcomputer, or smartphone on which to browse 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. Make an online course.If you have specialized knowledge in a certain topic, you can assemble an online class to educate others. For example, 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 purchase. 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 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 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 (free of airfare).For individuals 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 use the very same notions towards bank promotions and bonus offers without the credit score hit.

The 5-Second Trick For Passive Income In South Africa

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 get decent traffic, you can incorporate ads to your website. These can usually be on the sidebar, and perhaps at the bottom of your posts.

In case you have a lot of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here's my easy ten-minute guide to starting a blog.Rent out additional space in your house.If you have a spare bedroom, so you can find a roommate or set the space on AirBnB for travellers.

This really is a super painless Our site way to earn $500 to $1,000 a month without a lot of effort you may even have the ability to pay your mortgage payment with this excess income! (if it's your very first time, then use this link to get $40 in travel credit)Rent out things you have.Given the expansion in the sharing economy, your junk can start to pay for itself.

If your furniture is much more modern but you still cant bear to eliminate it 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 hit on your account as monthly payments. There's some risk of default, but the risk can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you can lend to anyone in your social circle.

All about Passive Income In South Africa

You can partner with a rehabber who utilizes your capital for a short-term in exchange for an interest rate that is mutually consented upon.Design products to market on CafePress or Redbubble.If you are creative and can tap into the most recent trends to figure out what sorts of graphics could market, you can post your design on CafePress Shop or Redbubble, where customers can purchase 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. When there are different variations you could choose, sometimes owning a certain domain (especially if it's attached to a business) can be worth the premium. Often, individuals will scout out domain names which are still accessible, purchase them, and then sit on them in order to sell them down the road.

Passive Income In South Africa - Questions

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