Passive Income In South Africa - Passive Income Ideas Fundamentals Explained

However, if marketed correctly (via blogging hubs in your niche, for instance ), you could have residual sales 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 notebook, tablet, or smartphone on that to read the e-book, they can manage to purchase a cheap 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 create an online class 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 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.

A number of the best travel credit 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 those 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.

9 Simple Techniques For Passive Income In South Africa

The income will typically 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 blog and get decent traffic, 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 have a lot 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 space in your house.If you have a spare bedroom, so you can find a roommate or set the space on AirBnB for travelers.

This is a super painless way to earn $500 to $1,000 a month without much effort you might even be able to cover your mortgage payment with this extra income! (if it is your very first time, use this link to get $40 in travel credit)Rent out items you have.Given the growth in the sharing economy, your junk can begin to cover itself.

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

8 Simple Techniques For Passive Income In South Africa

You can partner with a rehabber who uses your funds for a short term in exchange for an interest rate that's mutually consented upon.Design products to market on CafePress or Redbubble.If you're creative and can tap into the latest trends to determine what learn the facts here now sorts of images would market, you can post your design on CafePress Shop or Redbubble, where customers can purchase all different kinds of merchandise printed with your design.

If one is taken, the only recourse would be to approach the owner to go over a sale. When there are other variations you could choose, occasionally owning a certain domain (especially if it's connected to your business) can be worth the premium. Often, individuals will scout out domain names that are still accessible, buy themand then sit on them in order to market them down the road.

The Ultimate Guide To Passive Income Ideas In South Africa

You can even combine this with different marketing campaigns if you are an influencer and have your own site (advertisement + affiliate income). That is how many bloggers make money! Again, it is not 100% passive but once setup properly and then scaled, 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.