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In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a site sponsor 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 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 website, you are given a commission at no additional cost to them. All they have to do is purchase a product or service.
Another way to produce passive income is to create a lead generation website. Lead generation websites exist to give referrals to local businesses.
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Therefore, lets say you produced a lead generation site 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 pay you for the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.
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You could also earn money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near the top of search engine pages would be critical 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 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 special rewards shopping site. You will find websites which will pay you every time you shop at certain online retailers.
You just download the 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 website called Ebates, which will pay you $10 just for signing up.
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With their double money back specials, then you can double your passive income earnings if the right items go on the market.
Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as normal, 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 create an online store that offers goods from certain manufacturers.
A person visits your website and requests a product, and then your machine sends the link order to the particular 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 kind of business is that you do NOT need to purchase inventory. The client pays for the merchandise; you collect the news gains, and also the manufacturer shops and ships the products to the customer. Its as simple as that.
Online courses can be a great source of passive income. Heres how they operate: you produce a value-packed online class that helps solve a problem or meets a need.
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The course 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 receive money for the purchase price of the course which you created. A platform such as Teachable can perform all the heavy lifting for you when creating your program.
Everyday regular people just like you and me are making money on YouTube. Each time someone reaches 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 lot of time up front, however once your videos are dwell there's potential for you to make passive income from each video indefinitely.
Granted you probably will not make a living off of only a couple of videos. Be ready to make over 100 videos if you truly 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 via the purchase of an existing business or opening a new business, your good business idea can be a viable source of passive income.