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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 website sponsor a company that stores your site on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to produce passive income. This is because when people click on the affiliate links on your website, you are given 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 site. Lead generation websites exist to provide referrals to local businesses.

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So, lets say you created a lead generation site that 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 where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

The real estate professional would cover you for 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 need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website near 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 products for you I actually have a friend who's done very well with this as he makes six figures per year selling his own products online.

You can earn even more money by signing up using a special rewards shopping site. There are sites that 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 site thats qualified for cash-back, youll get a notification. I use a free website called Ebates, which will pay you $10 just for signing up.

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With their double money back specials, then you can double your passive income earnings in the event the ideal items go on sale.

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 usual, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become remarkably click to investigate 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 description then your system sends the order 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 kind of business is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer stores and ships the goods to the client. Its as simple as that.

If youre interested in starting a drop shipping business, consider using a platform such as Shopify to build your online store.

Online courses can be a terrific source of passive income. Heres how they work: you produce a value-packed online class which will help resolve 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 purchase the program, and your system automatically emails them everything they need to get the materials.

You receive money for the purchase price of the course which you just created. A platform such as Teachable can perform all of the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Each time someone reaches one of your movies, advertisements can look, and you can earn money from these ads. The trick to becoming successful with YouTube is building a large enough subscriber and audience base.

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It can take a great deal of time up front, however once your videos have been dwell there's potential for one to make passive income from each movie indefinitely.

Granted you probably will not make a living from only a few videos. Be prepared to make over 100 videos if you really want this to take off.

Owning a business can be a fantastic 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 feasible source of passive income.