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If you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your site on servers so it can be seen on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a great way to produce passive income. This is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is buy a product or service.
Another way to produce passive income is to create a lead generation website. Lead generation sites exist to give warnings to local businesses.
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So, lets say you created a lead generation website that focuses on real estate. Youd use the website in order to educate people about home ownership. Or, youd educate them about property investing.
The actual 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 might also earn money by having advertisers on your site. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site near the top of search engine pages will be vital for achievement.
Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who's done very well with this he makes six figures per year selling his own products online.
You can earn even more money by signing up using a special rewards shopping site. There are websites which will pay you every time you shop at certain online retailers.
You just download the sites browser extension and every time youre on an e-commerce site thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.
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With their double money back specials, then you can double your passive income earnings in the event the right things go on the market.
Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go on your shopping as usual, and potentially earn a nice cash bonus in the process.
With the explosion of eCommerce, drop shipping has become remarkably popular. Heres how it works: you create an online shop that provides goods from certain manufacturers.
A person visits your website and requests a product, and then your system sends the purchase to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the customer.
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One of those cool things about this kind of business is that you do NOT need to order inventory. The client pays for the merchandise; you collect the profits, and the manufacturer stores and ships the products to the client. Its as simple as that.
Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online class that helps solve a issue or meets a need.
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The course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the course, and your system automatically mails them everything they need to access the materials.
You receive money for the purchase price of the course that you created. A platform such as Teachable can do all the heavy lifting for you when creating your program.
Regular regular people just like you this website and me are making money on YouTube. Each time someone reaches one of your videos, advertisements can look, and you can earn money from those ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer base.
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It can take a lot of time up front, however once your videos have been live there's potential for you to create 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 movies if you truly want this to take off.
Owning a business can be a good passive income source. The key is in having the ideal people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.