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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 site sponsor a company that stores your website on servers so that 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. 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 provide referrals to local businesses.

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

Within the website youd have links in which 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 cover you for the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

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You could also earn money by having advertisers on your website. 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 would be critical to achievement.

Did you know you can sell your own products on Amazon and have them even send the goods 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 using a distinctive rewards shopping website. There are websites which will pay you every time you shop at certain online retailers.

You just download the websites 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 cover you $10 just for signing up.

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With their dual find this money back specials, you can double your passive income earnings in the event the right 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 remarkably popular.  Heres how it works: you create an online store that offers products from certain manufacturers.

A person visits your site and requests 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 type of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer shops and ships the products to the customer. Its as straightforward 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 great source of passive income. Heres how they operate: you create a value-packed online class that will help resolve a problem or meets a need.

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

You get money for the price of the course which you just created. A platform for example Teachable can do all 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 earn money from these ads. The key to becoming successful with YouTube is building a large enough subscriber and audience base.

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It can take a lot of time up front, however once your videos are dwell there is potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living from only a few videos. Be prepared to create over 100 movies if you truly want this to remove.

Owning a business can be a fantastic passive income resource. The trick is in having the ideal people running the business for you. Whether it be via purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.