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

Affiliate marketing can be a great way to produce passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is buy a service or product.

Another way to make passive income is to make a lead generation site. Lead generation websites exist to give warnings to local businesses.

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So, lets say you produced a lead generation website which focuses on real estate. Youd use the site to educate people about home ownership. Or, youd educate them about real estate investing.

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

The actual estate professional would cover you for the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.

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You could also earn money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website at the top of search engine pages will be critical for achievement.

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

You can earn even more money by signing up with a special rewards shopping site. You will find sites that will pay you each time you shop at certain online retailers.

You simply download the sites browser extension and every time youre on an e-commerce site thats eligible navigate here for cash-back, youll receive a notification. I use a free website named Ebates, which will cover you $10 just for signing up.

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

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 process.

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

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

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One of the cool things about this kind of business is that you do NOT need to purchase 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.

If youre interested in starting a drop shipping business, consider using a platform such as Shopify to build your online store.

Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online course that will help solve a problem or fills a need.

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

You receive money for the price of the course that you created. A platform for example Teachable can do all of the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Each time someone reaches one of your movies, ads can appear, and you can earn money from those ads. The trick to becoming successful with YouTube is building a large enough subscriber and audience find more base.

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It can take a great deal of time up front, however once your videos are dwell there's potential for you to make passive income from each movie indefinitely.

Granted you will likely not make a living from only a couple of videos. Be prepared to make over 100 videos if you really 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 purchasing an existing business or opening a new business, your good business idea can be a viable source of passive income.