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In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website host a company that stores your site on servers so that it can be viewed on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when people click on the affiliate links on your site, you receive a commission at no additional cost . All they have to do is purchase a product or service.

Another way to make passive income is to create a lead generation website. Lead generation sites exist to provide warnings to local businesses.

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So, lets say you produced a lead generation website that focuses on real estate. Youd use the site in order to educate people about home ownership. Or, youd instruct them about real estate investing.

Within the website youd have links in which people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their area.

The actual estate professional would cover 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 may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site at the top of search engine pages will be critical for success.

Did you know that you can sell your own products on Amazon and have them even ship the products for you I really 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 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 website thats eligible for cash-back, youll get a notification. I use a free website called Ebates, which will cover you $10 just for signing up.

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Using 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 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 create an online shop that provides goods from certain manufacturers.

A person visits your site and orders a product, and then your system 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 those 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 gains, and the manufacturer shops and ships the products to the customer. Its as straightforward as that.

In case youre interested in starting a drop shipping business, consider using a platform such as Shopify to build your online store.

Online courses can be a great source of passive income. Heres how they work: you create a value-packed online class which will help solve a problem or fills a need.

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The course can include videos, e-books, and mails with pertinent information. Clients sign up to purchase the course, and your system automatically see post mails them everything they need to get the materials.

You get money for the price of the course which you just created. A platform such as Teachable can perform all of the heavy lifting for you when creating your course.

Regular 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 earn money from these ads. The trick 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, but once your videos are dwell there is potential for one to create passive income from each video indefinitely.

Granted you probably will not make a living from only a couple of videos. Be ready to make over 100 movies 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 great business idea can be a viable source of passive income.