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

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

Another way to produce passive income is to create a lead generation website. Lead generation sites exist to provide referrals to local businesses.

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

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

The actual estate professional would pay 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 might also make money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website near the top of search engine pages will be critical to achievement.

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

You can earn even more money by signing up using a distinctive rewards shopping site. There are sites which 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 why not find out more website thats eligible for cash-back, youll get a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

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Using their double money back specials, then you can double your passive income earnings in the event the right things 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 about his 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 provides goods from certain manufacturers.

A person visits your website and requests a product, and then your machine sends the purchase to the specific 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 order inventory. The client pays for the merchandise; you collect the profits, and the manufacturer shops and ships the products to the client. Its as straightforward as that.

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

Online classes can be a great source of passive income. Heres how they operate: you produce a value-packed online course that helps solve a problem or fills a need.

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The class can include videos, e-books, and mails with pertinent information. Customers sign up to buy 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 just created. A platform such as Teachable can do 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 videos, ads can appear, and you can make money from these ads. The key to becoming effective with YouTube is building a large enough subscriber and viewer base.

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

Granted you will likely not make a living off of just a couple of videos. Be prepared to create over 100 videos if you really want this to remove.

Owning a business can be a good passive income resource. The key is in having the ideal people running the business for you. Whether it be via purchasing an existing business or opening a new business, your good business idea can be a viable source of passive like it income.