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If 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 website on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a terrific way to make passive income. That is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they have to do is buy a service or product.
Another way to produce passive income is to create a lead generation website. Lead generation sites exist to give warnings to local businesses.
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Therefore, lets say you created a lead generation website which focuses on real estate. Youd utilize the website to educate individuals about home ownership. Or, youd educate them about real estate investing.
The actual estate professional would cover you for the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.
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You could also make 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 website near the top of search engine pages would be critical for achievement.
Did you know that you can sell your own products on Amazon and have them even send the products for you I really have a friend who has done really well with this he earns six figures per year selling his own products online.
You can earn even more money by signing up with a special rewards shopping website. There are websites that will pay you every time you shop at certain online retailers.
You just download the websites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll receive a notification. I use a free site called Ebates, which will pay you $10 just for signing up.
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With their double cash back specials, then you can double your passive income earnings in the event the ideal items go on sale.
Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the process.
With the explosion of eCommerce, drop shipping has become remarkably popular. Heres how it works: you create an online shop that provides products from certain manufacturers.
A person visits your site and requests a product, and then your machine 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 the cool things about this kind of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the profits, and the manufacturer stores and ships the products to the customer. Its as simple as that.
Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online class that helps resolve a problem or fills a need.
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The course can include videos, e-books, and mails with pertinent information. Customers sign up to buy the course, and your system automatically emails them everything they need to get the materials.
You get money for the purchase price of the course which you created. A platform for example Teachable can perform all the heavy lifting for you when creating your program.
Everyday regular people just like you and me are making money on YouTube. Each time someone reaches one of your videos, review advertisements can appear, and you can make money from these ads. The trick to becoming successful with YouTube is building a big enough subscriber and audience 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 one to create passive income from each movie indefinitely.
Granted you probably will not make a living off of only a couple of videos. Be prepared to create over 100 movies if you really want this to take off.
Owning a business can be a fantastic passive income source. 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 great business idea can be a viable source of passive income.