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In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website sponsor 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 terrific way to produce passive income. That is because when people click on the affiliate links on your website, you are given a commission at no additional cost to them. All they have to do is purchase a service or product.
Another way to make passive income is to make a lead generation site. Lead generation websites exist to provide referrals to local businesses.
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So, lets say you produced a lead generation website that focuses on property. Youd use the website in order to educate people about home ownership. Or, youd instruct them about property investing.
The actual estate professional would cover you to 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 site. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website at the top of search engine pages will be vital to success.
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 with a special rewards shopping site. There are sites which will pay you every time you shop at certain online retailers.
You just download the More Help websites browser extension and each 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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Using their dual cash back specials, then you can double your passive income earnings if the right items go on sale.
Again, your earning plan goes out the window if you purchase things you dont need just to earn rewards. Just go about your shopping as normal, 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 make an online shop that offers goods from certain manufacturers.
A person visits your site and requests 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 those cool things about this type of business is that you do NOT need to purchase inventory. The client pays for the product; you collect the profits, and the manufacturer shops and ships the products to the customer. Its as simple as that.
Online courses can be a terrific source go to my blog of passive income. Heres how they work: you produce a value-packed online course that will help solve a issue or fills a need.
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The class can include videos, e-books, and mails with pertinent information. Customers sign up to purchase the course, and your system automatically mails them everything they need to get the materials.
You get money for the price of the course which 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, advertisements can look, and you can make 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 great deal of time up front, but once your videos have been live there's potential for you to make passive income from each movie indefinitely.
Granted you probably will not make a living from just a few videos. Be ready to create over 100 videos if you truly want this to take off.
Owning a business can be a fantastic 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 great business idea can be a feasible source of passive income.