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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 sponsor a company that stores your website on servers so 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 make passive income. That is because when folks click on the affiliate links on your website, you are given a commission at no additional cost . All they need to do is buy a service or product.

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

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

Within the site 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 region.

The real estate professional would cover you to the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.

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You could also make money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website at the top of search engine pages will be critical for achievement.

Did you know you can sell your own products on Amazon and have them even send the products for you I actually have a friend who has done really well with this he makes 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 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 qualified 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 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 simply 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 remarkably common.  Heres how it works: you create an online store that offers products from certain manufacturers.

A person visits your website my link 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 client.

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One of the cool things about this type of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the profits, and also the manufacturer shops and ships the products to the customer. Its as simple as that.

If youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online store.

Online courses can be a terrific source of passive income. Heres how they operate: you create a value-packed online class that helps resolve a problem 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 course, and your system automatically mails them everything they need to access the materials.

You receive money for the price of the course that you just created. A platform such as Teachable can do 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 appear, and you can earn money from those ads. The trick to becoming effective with YouTube is building a large enough subscriber and viewer base.

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It can take a lot of time up front, but once your videos are dwell there's potential for one to create passive income from each movie indefinitely.

Granted you probably will not make a living off of just a few videos. Be prepared to make over 100 videos if you truly want this to remove.

Owning a business can be a fantastic passive income source. The trick is in having the right 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.