All about Passive Income In South Africa - Passive Income Ideas

But if promoted 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, tablet, or smartphone on that to read the e-book, they can manage to buy 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. Make an online course.If you've specialized knowledge in a certain subject, you can assemble an online course to teach others. By way of instance, if you have experience in real estate investing, you can create an online course Real Estate Investing 101.

Fundamentally, when they click through to the website using your unique link, you will be given 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 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 you sign-up bonuses to entice you to open a charge account together.

Some 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 (for free airfare).For those 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 rating and chase credit card bonuses, you can use 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 that 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 will normally be on the sidebar, and possibly at the bottom of your posts.

If you have a lot of traffic, then this can add up to some decent chunk of change.If you need to start a blog, here's my easy ten-minute guide to starting a blog.Rent out extra space in your house.If you have 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 best site of effort you might 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 traveling credit)Rent out things you have.Given the expansion in the sharing economy, your own junk can begin to cover itself.

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

Some Known Questions About Passive Income In South Africa - Passive Income Ideas.

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 latest trends to figure out what sorts of images could 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 only recourse is to approach the owner to discuss a sale. When there are different variations you can choose, occasionally owning a certain domain (particularly if it is connected to your business) can be worth the premium. Often, people will scout out domain names that are still accessible, buy them, and then sit on them in order to market them down the road.

Passive Income In South Africa - Passive Income Ideas for Dummies

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