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If you want to add a little excitement to your passive income investing, meet Lending Club, the web-based peer-to-peer lending platform where investors looking for high-interest opportunities provide the funds for loans. You can earn interest rates in excess of 10 percent a year – about 10 times what you will earn on more conventional interest-bearing investments.
I have six rental units which are a good source of passive income. I don’t use a property manager because you are right…they take about 10% of your rent. There are really only 2 things that tenants call about: 1. A plumbing issue 2. Heat/Air problems. Just find a plumber and heat/air guy you can trust. I travel a lot for my primary job. When a call comes in from a tenant, I can call the repair guy in just as easy as a property manager.
Financial Products. Certain types of financial products, such as annuities, also pay ongoing commissions to the professionals who sell them. Financial advisor Ethan Braid of High Pass Asset Management writes that when he sells a $500,000 annuity, he not only earns a 7% commission, or $35,000, immediately – but on top of that, he gets a 1% “trailer commission,” or $5,000, every year the buyer owns the annuity. So a financial advisor who has sold 10 annuities that are still active could bring in an income of $50,000 a year just from these trailer commissions.
As of 25th May 2018, the European Union will enact the General Data Protection Regulation. In effect, the regulation intends to give website users complete control of their personal information. This includes giving users the right to access any information website owners may hold about them. As well as the right to be forgotten, so that all personal information of the user that is held by the website owner, is deleted upon request of the user.
The much loved model for bloggers and content creators everywhere and for a good reason…it’s pretty easy to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of the pie after paying affiliates. Hells yeah! Continue reading >
Unfortunately, the 2Checkout dashboard is a bit limited in scope, making it difficult to get any metrics on conversion rates or even sorting by commission payouts. The workaround is to go to the Avangate store, which does list their best-selling products, and then search for these on the affiliate dashboard. That being said, 2Checkout does offer products from more than 4,000 different vendors, making it the leading affiliate network for software and digital products.
One of the best-known ways to earn passive income is to own a rental property. Renting out a building can bring in a tidy sum of money each month, with little work in some cases – but it also requires a big chunk of cash up front to buy the property. Also, the money you collect in rent isn’t pure profit, as it also has to cover all your expenses as a landlord, including mortgage payments, property tax, insurance, maintenance, and any property management fees.
Influencer marketing is also on the rise today. In recent times social media advertisement is mostly influenced by the marketing influencers or key opinion leaders (KOI). There are several advantages of social media influence marketing on the customers. These KOIs create an impact on the buying process of a product throughout the customer journey.
SEO – Another popular method of promoting affiliate products but also the most difficult is Search Engine Optimization. SEO is the process of improving the visibility of a website or a web page in search engines via the “natural” or un-paid (“organic” or “algorithmic”) search results. SEO doesn’t bring results instantly but it can be extremely rewarding in the long run.