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If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a site 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 using Bluehost.
Affiliate marketing can be a great way to make passive income. This is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is buy a service or product.
Another way to produce passive income is to make a lead generation site. Lead generation sites exist to give referrals to local businesses.
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Therefore, lets say you created a lead generation website that focuses on real estate. Youd utilize the website to educate individuals 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 are more willing to pay.
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You could also earn 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 near the top of search engine pages would be vital to success.
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's 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 special rewards shopping site. You will find websites which will pay you each time you shop at certain online retailers.
You simply download the sites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.
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Using their double cash back specials, you can double your passive income earnings if the ideal items go on sale.
Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become remarkably common. Heres how it works: you make an online store that provides goods from certain manufacturers.
A person like it visits your website and orders a product, and then your system sends the purchase to the specific 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 client pays for the product; you collect the gains, and the manufacturer shops and ships the goods to the customer. Its as simple as that.
Online courses can be a terrific source of passive income. Heres how they work: you produce a value-packed online class that will help resolve a problem or fills a need.
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The course can include videos, e-books, and emails with pertinent information. Customers sign up to buy the program, and your system automatically mails them everything they need to access the materials.
You get money for the price of the course which you just created. A platform such as Teachable can perform all the heavy lifting for you when more helpful hints creating your program.
Regular regular people like you and me are making money on YouTube. Each time someone watches one of your movies, advertisements can appear, and you can make 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 great deal of time up front, however once your videos have been live there is potential for you to make passive income from each video indefinitely.
Granted you will likely not make a living from just a couple of videos. Be ready to create over 100 movies if you really 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 via the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.