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If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your site on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a terrific 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 create a lead generation site. Lead generation sites exist to give warnings to local businesses.
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So, lets say you created a lead generation website that focuses on property. Youd use the website to educate individuals about home ownership. Or, youd instruct them about property investing.
The real estate professional would pay you to the lead. Its a hot lead and not a cold encounter, 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 may have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website at the top of search engine pages will be critical for success.
Did you know that you can sell your own products on Amazon and have them even ship the goods for you I actually have a friend who has done very well with this as 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 sites which will pay you every time you shop at certain online retailers.
You just download the websites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll receive a notification. I use a free site called Ebates, which will cover you browse this site $10 just for signing up.
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Using their dual cash back specials, you can double your passive income earnings in the event the ideal items go on the market.
Again, your earning strategy goes out the window if you purchase 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 remarkably popular. Heres how it works: you create an online shop that offers products from certain manufacturers.
A person visits your site and orders a product, and then your machine sends the purchase 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 that you do NOT need to order inventory. The client pays for the product; you collect the profits, and also the manufacturer stores and ships the products to the client. Its as straightforward as that.
Online courses can be a terrific source of passive income. Heres how they operate: you produce a value-packed online course that helps resolve a issue or meets a need.
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The class can include videos, e-books, and emails with pertinent information. Clients sign up to purchase the course, and your system automatically mails them everything they need to access the materials.
You get money for the price of the course that you just created. A platform for example 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 movies, ads can appear, go to website and you can earn money from these ads. The trick to becoming effective 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, but once your videos have been dwell there is potential for one to make passive income from each video indefinitely.
Granted you probably will not make a living from just a few videos. Be prepared to make over 100 movies if you really want this to take off.
Owning a business can be a good passive income source. The trick 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 viable source of passive income.