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In case 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 website on servers so it can be viewed on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a terrific way to produce passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is buy a service or product.
Another way to make passive income is to make 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 site which focuses on property. Youd use the website 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 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 would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website near the top of search engine pages would be critical to success.
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 as 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 which 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 site thats eligible 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 dual cash 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 other 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 very common. Heres how it works: you create an online shop that offers goods from certain manufacturers.
A person visits your site and requests 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 client.
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One of the cool things about this type of business is that you do NOT need to purchase inventory. The customer pays for the product; you collect the profits, and also the manufacturer stores and ships the products to the customer. Its as simple as that.
Online courses can be a great source of passive income. Heres how they work: you create a value-packed online course that helps solve a problem or fills a need.
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The course can check that include videos, e-books, and emails with pertinent information. Clients sign up to buy the course, and your system automatically emails them everything they need to get 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 program.
Everyday 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 earn 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 live there's potential for you to create passive income from each video indefinitely.
Granted you will likely not make a living off of just a couple of videos. Be prepared to create over 100 videos if you really want this to remove.
Owning a business can be a good passive income resource. The key is in having the ideal people running the business for you. Whether it be via the purchase of an existing business or opening a new business, your good business idea can be a viable source of passive income.