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In case 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 site 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 terrific way to make passive income. This is because when folks click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is purchase a product or service.
Another way to produce passive income is to make a lead generation site. Lead generation sites exist to provide referrals to local businesses.
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So, lets say you produced a lead generation site that focuses on property. Youd use the site to educate individuals about home ownership. Or, youd instruct them about real estate investing.
The real estate professional would pay you to the lead. Its a warm lead and not a cold encounter, so professionals are 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 site at the top of search engine pages will be critical to 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 he makes six figures per year selling his own products online.
You can earn even more money by signing up using a special rewards shopping site. You will find websites which will pay you every time you shop at certain online retailers.
You just download the sites 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 called Ebates, which will cover you $10 just for signing up.
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With their double cash back specials, then you can double your passive income earnings in the event the right things go on the market.
Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go about imp source your shopping as normal, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become remarkably popular. Heres how it works: you make an online store that offers products from certain manufacturers.
A person visits your website and orders a product, and then your system sends the purchase to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the customer.
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One of the cool things about this type of business is that you do NOT need to order inventory. The customer pays for the product; you collect the gains, and the manufacturer stores and ships the goods to the customer. Its as straightforward as that.
Online classes can be a great source of passive income. Heres how they operate: you create a value-packed online course which will help resolve a problem or fills a need.
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The class can include videos, e-books, and mails with pertinent information. Clients sign from this source up to purchase the course, and your system automatically emails them everything they need to get the materials.
You receive money for the price of the course that you just created. A platform such as Teachable can perform all of the heavy lifting for you when creating your course.
Everyday regular people just like you and me are making money on YouTube. Every time someone watches one of your videos, ads can look, and you can earn money from those ads. The trick 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, however once your videos are live there is potential for one to create passive income from each movie indefinitely.
Granted you will likely not make a living off of only a couple of videos. Be ready to make over 100 videos if you really want this to take off.
Owning a business can be a fantastic passive income resource. The trick 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 news feasible source of passive income.