The Ultimate Guide To Passive Income In South Africa - Passive Income Ideas

However, if marketed correctly (via blogging hubs in your niche, by way of instance ), you could have residual sales that last a very long time.Generally, e-books can sell well because they are priced low. If your customer can afford to get a functioning laptop, 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 typically cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've specialized knowledge in a certain subject, 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.

Basically, when they click through to the website using your unique link, you will receive a commission on their purchase. This 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 sign-up bonuses to entice you to open a charge account with them.

A number of the very best travel charge cards provide 100,000 points into 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 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 score 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 typically 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 get decent traffic, you can incorporate ads to your website. These can normally be on the sidebar, and possibly at the bottom of your articles.

If you have a great deal of traffic, then this can add up to a decent chunk of change.If you need to start a blog, here's my easy 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 travellers.

This really 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 cover your mortgage payment with this excess income! (if it is your very first time, use this link to get $40 in traveling credit)Rent out things you have.Given the expansion in the sharing economy, your junk can begin to pay for itself.

If your furniture is more modern but you still cant bear to eliminate it perhaps a home stager will 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's some chance of default, however, the risk can be minimized with address 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 capital for a short term in exchange for an interest rate that's mutually agreed upon.Design products to market on CafePress or even Redbubble.If you are creative and can tap into the most recent trends to determine what sorts of graphics would market, 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 only recourse is to approach the owner to discuss a sale. While there are other variations you can choose, sometimes owning a certain domain (especially 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 them, and then sit on them in order to sell them down the road.

The Main Principles Of Passive Income In South Africa

You can even combine this with different marketing campaigns if you are an influencer and also have your own blog (advertisement + affiliate income). This is the way many bloggers make money! Again, it's not 100% passive but once setup correctly and then climbed, can be surprisingly lucrative.Buy 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.