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If you dont have a website, you can start one for less than $3/month. Thats the price for getting a website host 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 with Bluehost.
Affiliate marketing can be a terrific way to produce 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 purchase a service or product.
Another way to make passive income is to make a lead generation site. Lead generation sites exist to give 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 real estate 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 earn money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site near 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 really have a friend who has 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 website. You will find websites that will pay you every time you shop at certain online retailers.
You simply download the sites browser extension and each time additional resources 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 cash back specials, then you can double your passive income earnings if the right things go on the market.
Again, your earning strategy goes out the window if you buy things you dont need just 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 offers goods from certain manufacturers.
A person visits your site and requests a product, and then your machine sends the order 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 purchase inventory. The client pays for the merchandise; you collect the gains, and also the manufacturer shops and ships the products to the customer. Its as straightforward as that.
Online classes can be a great source of passive income. Heres how they work: you create a value-packed online course which will help resolve a problem or meets 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 get the materials.
You get money for the purchase price of the course which you created. A platform for example Teachable can perform all the heavy lifting for you when creating your course.
Regular 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 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, but once your videos are live there's potential for one to create passive income from each movie indefinitely.
Granted you will likely not make a living from just a few videos. Be prepared to create over 100 movies if you really want this to take off.
Owning a business can be a good passive income source. The trick is in having the right 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 viable source of passive income.