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If you dont have a website, you can start one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your website on servers so that it can be viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when people click on the affiliate links on your site, 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 make a lead generation site. Lead generation websites 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 utilize the website to educate individuals about home ownership. Or, youd instruct them about real estate investing.

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Within the site youd have links where people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

The real estate professional would cover 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 might also make money by having advertisers on your website. Note that you may have 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 critical to achievement.

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 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 website. You will find sites that will pay you every 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 site called Ebates, which will cover you $10 just for signing up.

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Using their dual cash back specials, then you can double your passive income earnings in the event the ideal 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 on your shopping as usual, and potentially earn a nice cash bonus in the process.

With the explosion of eCommerce, drop shipping has become remarkably common.  Heres how it works: you create an online store that provides goods 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 order inventory. The customer pays for the merchandise; you collect the profits, and also the manufacturer stores and ships the products to the customer. Its as simple as that.

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If youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online shop.

Online classes can be a terrific source of passive income. Heres how they work: you produce a value-packed online class which will help solve a issue or fills a need.

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The course can see include videos, e-books, and mails 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 for example Teachable can do all the heavy lifting for useful content you when creating your program.

Everyday regular people like you and me are making money on YouTube. Every time someone watches one of your videos, advertisements 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 great deal of time up front, however once your videos are live there's potential for one to create passive income from each movie indefinitely.

Granted you will likely not make a living off of only a couple of videos. Be ready to create 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 purchasing an existing business or opening a new business, your find good business idea can be a viable source of passive income.

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