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If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so that it can be seen on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to produce passive income. That 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 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 created a lead generation website that focuses on property. Youd use the website to educate individuals about home ownership. Or, youd educate them about property investing.
The actual estate professional would pay you to the lead. Its a warm lead and not a cold encounter, 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 would have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near the top of search engine pages will be critical for success.
Did you know you can sell your own products on Amazon and have them even ship the products for you I actually 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 using a distinctive rewards shopping site. You will find sites which will pay you each time you shop at certain online retailers.
You simply download the websites browser extension and each time youre on an e-commerce website thats eligible 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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With their dual money back specials, you can double your passive income earnings if the ideal 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 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 common. Heres how it works: you make an online store that provides goods from certain manufacturers.
A person visits your site and like this requests a product, and then your system 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 order inventory. The customer pays for the merchandise; you collect the profits, and also the manufacturer stores and ships the goods to the client. Its as simple as that.
Online courses can be a great source of passive income. Heres how they operate: you create a value-packed online course which helps resolve a issue or fills a need.
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The class can include videos, e-books, and emails with pertinent information. Customers sign up to buy the program, and your system automatically emails them everything they need to access the materials.
You receive money for the purchase price of the course that you just created. A platform for example Teachable can do all of the heavy lifting for you when creating your program.
Regular regular people like you and me are making money on YouTube. Each time someone watches one of your videos, advertisements can appear, and you can earn money from those ads. The key to becoming effective with YouTube is building a big 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 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 really want this to take off.
Owning a business can be a good 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 viable source of passive income.