All About Passive Income In South Africa

But if marketed correctly (through blogging affiliates in your niche, for example), you could 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 laptop, tablet, or smartphone on which to read the e-book, they can manage to buy a cheap e-book without much financial difficulty.

But, online courses even generally cost upwards of $100, while e-books tend to be under $10. Make an online course.If you've technical knowledge in a certain topic, you can assemble an online course to teach others. By way of 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 receive a commission on their purchase. 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 start a blog, here is my easy 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 best travel credit cards provide 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 (for free airfare).For individuals 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 score and chase credit card bonuses, you can use the same notions towards bank promotions and bonus offers without the credit hit.

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The income will typically 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 will usually be on the sidebar, and perhaps 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 begin a blog, here is my easy ten-minute guide to starting a blog.Rent out extra 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 is a super painless way to earn $500 to $1,000 per month without much effort you may even be able to pay your mortgage payment have a peek here with this extra income! (if it is your very first time, use this link for $40 in traveling credit)Rent out items you already 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 cant bear to get rid of it perhaps 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 reach your account as monthly payments. There's some risk 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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You can partner with a rehabber who utilizes your capital 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 Clicking Here the latest trends to figure out what sorts of graphics could sell, you can post your design on CafePress Shop or Redbubble, where clients can buy all different kinds of merchandise printed with your design.

If one is taken, the only recourse would be to approach the owner to discuss a sale. While there are different variations you could choose, sometimes owning a certain domain (particularly if it's connected to a business) can be worth the premium. Often, people will scout out domain names which are still accessible, purchase them, and then sit on them in order to market them down the road.

What Does Passive Income In South Africa Mean?

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 make money! Again, it is not 100% passive but once set up 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.