A Biased View of Passive Income In South Africa - Passive Income Ideas

Passive Income In South Africa - Passive Income Ideas - QuestionsThe Best Strategy To Use For Passive Income Ideas In South Africa

Passive Income Ideas In South Africa Fundamentals Explained


But if marketed correctly (via blogging affiliates in your niche, for instance ), you might have residual earnings that last a very long time.Generally, e-books can sell very well because they are priced low. If your client can afford to have a functioning notebook, tabletcomputer, or smartphone on that to read the e-book, they can afford to purchase 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. Create an online course.If you have specialized knowledge in a certain subject, you can put together an online course to teach others. For instance, if you have experience in real estate investing, you can produce 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 order. 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 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 with them.

Some of the very best travel charge cards offer 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 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 notions towards bank promotions and bonus offers with no credit hit.

The Buzz on Passive Income Ideas In South Africa


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, you can incorporate ads to your website. These can normally be on the sidebar, and perhaps at the bottom of your articles.

If you've got a lot 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 additional space in your house.If you get a spare bedroom, so you can find a roommate or list the space on AirBnB for travellers.

Passive Income In South Africa Can Be Fun For AnyoneWhat Does Passive Income Ideas In South Africa Do?
This is a super painless way to earn $500 to $1,000 per month without a lot of effort you may even see this website 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 travel credit)Rent out things 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 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 your account as monthly payments. There's some chance of default, but the risk can be minimized with sufficient diversification.Become a personal lender.As a personal lender, you can lend to anyone in your social circle.

Not known Facts About Passive Income In South AfricaThe Basic Principles Of Passive Income Ideas In South Africa

Some Known Details About Passive Income In South Africa - Passive Income Ideas


You can partner with a rehabber who uses your capital for a short term in exchange for an interest rate that's mutually agreed upon.Design products to market on CafePress or 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 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 is connected to a business) can be well worth the premium. Often, people will scout out domain names that are still available, purchase themand then sit on them in order to market them down the road.

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


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 earn money! Again, it is not 100% passive but once setup properly and then scaled, can be surprisingly lucrative.Buy that 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.

Leave a Reply

Your email address will not be published. Required fields are marked *