The Greatest Guide To Passive Income In South Africa

But if marketed correctly (via blogging hubs 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, tabletcomputer, or smartphone on which to browse the e-book, they can manage to buy a inexpensive e-book without much financial trouble.

But, online courses even generally cost upwards of $100, while e-books tend to be under $10. Create an online course.If you've specialized knowledge in a certain subject, you can put together an online course to teach others. By way of example, if you have experience in real estate investing, you can produce 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. 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 begin 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 credit account with them.

Some of the very best travel charge cards offer 100,000 points to 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 (free of airfare).For those who 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 notions towards bank promotions and bonus offers with no credit score hit.

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

The income will generally 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, so you can incorporate ads to your site. These will normally be on the sidebar, and perhaps at the bottom of your posts.

In case you've got a great deal of traffic, this can add up to some decent chunk of change.If you need to begin a blog, here's my simple ten-minute guide to starting a blog.Rent out extra room in your house.If you get a spare bedroom, so you can find a roommate navigate to this site or set the space on AirBnB for travellers.

This really is a super painless way to earn $500 to $1,000 per month without a lot of effort you might even be able to cover your mortgage payment with this excess income! (if it is your very first time, then use this link for $40 in traveling credit)Rent out items you already have.Given the growth in the sharing economy, your junk can start to cover itself.

If your furniture is more modern but you still cant bear to get rid of 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 on your account as monthly payments. There is some risk of default, however, the threat can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you also can lend to anyone in your social circle.

The Ultimate Guide To Passive Income Ideas In South Africa

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

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

You can even combine this with different marketing campaigns if you're an influencer and also have your own blog (advertisement + affiliate income). This is how many bloggers make money! Again, it is not 100% passive but once set up properly 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 that you complete your due diligence.