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In case you dont have a website, you can begin one for less than $3/month. Thats the price for getting a site sponsor a company that stores your site on servers so that it can be seen on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to produce passive income. This is because when folks 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 create a lead generation website. Lead generation websites exist to provide warnings to local businesses.
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Therefore, lets say you created a lead generation website that focuses on property. Youd use the site in order to educate people about home ownership. Or, youd instruct them about property investing.
The actual estate professional would pay you to the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.
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You might also earn money by having advertisers on your website. Note that you would 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 would be vital 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's 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 site. You will find websites that will pay you each time you shop at certain online retailers.
You just download the websites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive 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, you can double your passive income earnings if the ideal things go on sale.
Again, your earning plan 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 procedure.
With the explosion of eCommerce, drop shipping has become very popular. Heres how it works: you create an online shop that offers products from certain manufacturers.
A person visits your website 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 order inventory. The customer pays for the merchandise; you collect the gains, and also the manufacturer shops and ships the goods to the customer. Its as simple as that.
Online classes can be a great source of passive income. Heres how they work: you create a value-packed online class which helps solve a issue or fills a need.
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The course can include videos, e-books, and emails with pertinent information. Clients sign up to buy the program, and your system automatically emails them everything they need to access the materials.
You get money for the price of the course that you created. A platform such as Teachable can do all of the heavy lifting for you more tips here when creating your program.
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 these 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 great deal of time up front, but once your videos are live there is potential for you to make passive income from each video indefinitely.
Granted you will likely not make a living off of just a couple of videos. Be prepared to make over 100 videos if you really want this to remove.
Owning a business can be a good passive income source. The key is in having the right 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.