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If you dont have a website, you can begin one for less than $3/month. Thats the price for getting a site sponsor a company that stores your site on servers so it can be seen on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a great way to make passive income. That is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is purchase a service or product.
Another way to produce passive income is to make a lead generation site. Lead generation websites exist to provide referrals to local businesses.
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Therefore, lets say you produced a lead generation website that focuses on property. Youd use the site to educate people about home ownership. Or, youd educate them about property investing.
The real estate professional would cover you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.
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You might also make money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages will be vital to success.
Did you know you can sell your own products on Amazon and have them even send the goods for you I really have a friend who has done really 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 distinctive rewards shopping site. There are websites which will pay you every time you shop at certain online retailers.
You simply download the sites browser extension and each time youre on an e-commerce site 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 double cash back specials, you can double your passive income earnings in the event the ideal items 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 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 make an online store that offers products 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 those cool things about this type of business is view it now that you do NOT need to order inventory. The client pays for the merchandise; you collect the gains, and also the manufacturer stores and ships the goods to the client. Its as simple as that.
Online courses can be a great source of passive income. Heres how they work: you produce a value-packed online class which helps resolve a problem or fills a need.
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The class can include videos, e-books, and emails with pertinent information. Clients sign up to buy the program, 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 do all of the heavy lifting for you when creating your program.
Regular regular people just like you and me are making money on YouTube. Every time someone watches one of your movies, advertisements can appear, and you can make money from those ads. The key to becoming effective 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 are dwell there is potential for one to make passive income from each movie indefinitely.
Granted you will likely not make a living off of just a few 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 key is in having the ideal people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.