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If you dont have a website, you can start one for less than $3/month. Thats the price for getting a site sponsor a company that stores your website on servers so it can be viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because when people click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is purchase a product or service.

Another way to make passive income is to create a lead generation website. Lead generation websites exist to give referrals to local businesses.

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So, lets say you created a lead generation site that focuses on real estate. Youd utilize the site in order to educate people about home ownership. Or, youd educate them about property investing.

Within the website youd have links where individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

The real estate professional would cover you for the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

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You could also make money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website near the top of search engine pages would be vital to success.

Did you know you can sell your own products on Amazon and have them even send the goods for you I really have a friend who's done very well with this as he makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping website. You will find websites that will pay you every time you shop at certain online retailers.

You simply download the websites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll get a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

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Using their dual cash back specials, then you can double your passive income earnings in the event the right items go on the market.

Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become very common.  Heres how it works: you create an online shop that offers goods from certain manufacturers.

A person visits your website and orders a product, and then your machine sends the order to the particular manufacturer. The manufacturer then completes the order by shipping it directly to the customer.

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One of the cool things about this type of business is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and also the manufacturer shops and ships the goods to the client. Its as straightforward as that.

In case youre interested in starting a drop shipping business, consider YOURURL.com using a platform like Shopify to build your online store.

Online courses can be a terrific source of passive income. Heres how they operate: you produce a value-packed online course that helps resolve a issue or fills a need.

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The course can include videos, e-books, and mails with pertinent information. Clients sign up to purchase the course, and your system automatically mails them everything they need to access the materials.

You get money for the purchase price of the course which you created. A platform such as Teachable can perform all the heavy lifting for you when creating your course.

Regular regular people just like you and me are making money on YouTube. Every time someone watches one of your movies, advertisements can appear, and you can earn money from those ads. The trick to becoming effective with YouTube is building a large enough subscriber and audience base.

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It can take a lot of time up front, but once your videos have been dwell there's potential for you to recommended you read make passive income from each video indefinitely.

Granted you will likely not make a living from only a couple of videos. Be prepared to make over 100 videos if you truly want this to remove.

Owning a business can be a fantastic passive income source. The key is in having the right people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a feasible source of passive income.