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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 website on servers so it can be seen on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make 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 have to do is buy a product or service.
Another way to produce passive income is to make a lead generation site. Lead generation websites exist to provide warnings to local businesses.
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Therefore, lets say you created a lead generation site that focuses on property. Youd utilize the website to educate individuals about home ownership. Or, youd educate them about property investing.
The actual estate professional would pay 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 might also earn money by having advertisers on your site. Note that you would need 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 vital for success.
Did you know you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who has done very well with this 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 website. There are sites which will pay you each time you shop at certain online retailers.
You simply download the websites 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 named Ebates, which will cover you $10 just for signing up.
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Using their dual money back specials, you can double your passive income earnings if the ideal items go on sale.
Again, your earning strategy goes out the window if you buy 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 very common. Heres how it works: you create an online store that provides products from certain manufacturers.
A person visits your website and orders a product, and then your system sends the purchase 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 kind of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer stores 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 operate: you produce a value-packed online course that will help resolve a issue or fills a need.
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The class can include videos, e-books, and emails with pertinent information. Clients sign up to purchase the program, and your system automatically emails them everything they need to access the materials.
You receive money for the purchase price of the course that you created. A platform for example more Teachable can perform all the heavy lifting for you when creating your course.
Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your movies, 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 viewer base.
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It can take a lot of time up front, however once your videos have been dwell there is potential for you to make passive income from each movie indefinitely.
Granted you probably will not make a living off of just a couple of videos. Be prepared to create over 100 videos if you truly want this to take off.
Owning a business can be a good passive income source. The key is in having the right people running the business for you. Whether it be via purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.