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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 host a company that stores your website on servers so that it can be seen on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to make passive income. That is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is purchase a product or service.
Another way to produce passive income is to create a lead generation site. Lead generation sites exist to give warnings to local businesses.
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Therefore, lets say you created a lead generation website which focuses on real estate. Youd use the site in order to educate people about home ownership. Or, youd educate them about property investing.
The real 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 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 would be vital 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 has done really 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 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 qualified for cash-back, youll receive a notification. I use a free site called Ebates, which will pay you $10 just for signing up.
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Using their double cash back specials, you can double your passive income earnings if the ideal items go on the market.
Again, your earning look at this website plan goes out the window if you buy 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 very popular. Heres how it works: you create an online store that offers products from certain manufacturers.
A person visits your site and orders 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 those cool things about this kind of business is that you do NOT need to order inventory. The customer pays for the product; you collect the profits, and the manufacturer stores and ships the goods to the customer. Its as simple as that.
Online courses can be a terrific source of passive income. Heres how they operate: you produce a value-packed online course that helps resolve a problem or meets a need.
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The class can include videos, e-books, and emails with pertinent information. Clients sign up to buy the course, and your system automatically mails them everything they need to get the materials.
You get money for the purchase price of the course which you just created. A platform such as Teachable can perform all the heavy lifting for you when creating your program.
Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your movies, ads can look, and you can make money from these ads. The key to becoming successful with YouTube is building a large 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 is potential for one to make passive income from each movie indefinitely.
Granted you will likely not make a living off of only a few videos. Be ready to make over 100 videos if you really want this to take off.
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 great business idea can be a viable source of passive income.