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If you dont have a web site, you can start one for less than $3/month. Thats the price for getting a site host a company that stores your site on servers so that it can be seen on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to make passive income. This is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they need to do is purchase a product or service.
Another way to produce passive income is to create a lead generation website. Lead generation sites exist to provide warnings to local businesses.
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So, lets say you produced a lead generation website that focuses on property. Youd use the website to educate individuals about home ownership. Or, youd educate them about property investing.
The actual estate professional would pay you to the lead. Its a hot 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 site. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site near the top of search engine pages will be vital for success.
Did you know that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who has done very 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 site. There are sites which will pay you each time you shop at certain online retailers.
You just download the sites 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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With their dual cash back specials, then you can double your passive income earnings if the ideal things 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 about your shopping as normal, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become very common. Heres how it works: you create an online shop that provides goods 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 purchase inventory. The client pays for the merchandise; you collect the gains, and the manufacturer stores 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 operate: you create a value-packed online course which will help resolve a issue or meets 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 receive money for the price of the course that you just created. A platform such as Teachable can perform all of the heavy lifting for you when creating your course.
Everyday regular people just like you and me are making money on YouTube. Every time someone watches one of your videos, ads can look, and you can make 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 have been dwell there's potential for one to create passive income from each video indefinitely.
Granted you will likely not make a living off of just a few videos. Be ready to create over 100 videos if you really want this to remove.
Owning a business can be a good passive income source. look these up 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 good business idea can be a viable source of passive income.