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

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

Another way to make passive income is to make a lead generation site. Lead generation sites exist to give referrals to local businesses.

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

Within the site youd have links where individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

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 could also earn money by having advertisers on your website. Note that you would have 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 critical to 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 as he makes 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 sites which will pay you every time you shop at certain online retailers.

You just download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

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With their dual money back specials, then you can double your passive income earnings if the right items go on view it the market.

Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go on your shopping as usual, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become very common.  Heres how it works: you make 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 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 straightforward as that.

If youre interested in starting a drop shipping business, consider using a platform such as Shopify to get more build your online shop.

Online courses can be a terrific source of passive income. Heres how they work: you create a value-packed online course that will help solve a issue or meets a need.

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The class can include videos, e-books, and mails with pertinent information. Customers sign up to purchase the course, and your system automatically emails them everything they need to access the materials.

You receive money for the purchase price of the course which you created. A platform such as Teachable can Discover More do all of the heavy lifting for you when creating your course.

Regular regular people like you and me are making money on YouTube. Each time someone watches 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 great deal of time up front, but once your videos have been dwell there's potential for one to make passive income from each video indefinitely.

Granted you probably will not make a living off of just a few videos. Be ready to make over 100 videos if you really want this to take off.

Owning a business can be a fantastic passive income resource. The key is in having the right people running the business for you. Whether it be through purchasing an existing business or opening a new business, your good business idea can be a feasible source of passive income.