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If you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your website on servers so that it can be viewed 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 site, you are given a commission at no additional cost to them. All they need to do is purchase a service or product.
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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So, lets say you created a lead generation site that focuses on real estate. Youd use the site in order to educate people about home ownership. Or, youd educate them about real estate investing.
The actual estate professional would cover you to the lead. Its a warm lead and not a cold lead, 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 website near the top of search engine pages would be critical to success.
Did you know you can sell your own products on Amazon and have them even ship the goods 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 special rewards shopping website. There are websites that will pay you each time you shop at certain online retailers.
You simply download the sites browser extension and each time youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free website named Ebates, which will cover 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 right things go on the market.
Again, your earning plan goes out the window if you purchase things you dont need just to earn rewards. Just go about your shopping as usual, 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 create an online store that provides products from certain manufacturers.
A person visits your website and requests a product, and then your system sends the order to the particular manufacturer. The manufacturer then completes the order by shipping it directly to the customer.
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One of those cool things about this type of business is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and also the manufacturer shops and ships the products to the client. Its as simple as that.
Online courses can be a terrific source of passive income. Heres how they work: you create a value-packed online course which helps solve a issue or meets a need.
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The course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the program, 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 for example Teachable can perform 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, ads can appear, and you can earn money from these ads. The key to becoming successful with YouTube is building a big enough subscriber and audience base.
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It can take a great deal of time up front, however once your videos are dwell there's potential for you have a peek at this site to make passive income from each movie indefinitely.
Granted you will likely not make a living from only a few videos. Be prepared to create over 100 videos if you truly want this to take off.
Owning a business can be a fantastic passive income resource. The key 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 feasible source of passive income.