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In case you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a website host a company that stores your site on servers so it can be seen on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make passive income. That is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is buy a service or product.
Another way to produce passive income is to make a lead generation site. Lead generation sites exist to provide warnings to local businesses.
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Therefore, lets say you created a lead generation site which focuses on real estate. Youd use the website to educate people about home ownership. Or, youd educate them about property investing.
The actual estate professional would cover you to the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.
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You could also make money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site at the top of search engine pages will be vital for achievement.
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's 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 with a distinctive rewards shopping site. You will find sites that will pay you every time you shop at certain online retailers.
You just download the sites 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 cover you $10 just for signing up.
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With their double cash back specials, you can double your passive income earnings in the event the ideal items 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 on your shopping as usual, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become remarkably common. Heres how it works: you create an online store that offers products from certain manufacturers.
A person visits your site and requests a product, and then your machine sends the order to the specific manufacturer. The manufacturer then completes the order by her response shipping it directly to the client.
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One of the 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 profits, and the manufacturer shops and ships the goods to the customer. Its as simple as that.
Online courses can be a great source of passive income. Heres how they work: you produce a value-packed online course that will help solve a issue or meets a need.
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The class can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the program, and your system automatically mails them everything they need to get the materials.
You get money for the purchase price of the course which you just created. A platform such as Teachable can do 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 watches one of your movies, ads can look, and you can earn money from those ads. The key 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's potential for you to create passive income from each movie indefinitely.
Granted you will likely not make a living off of only a few videos. Be prepared to make over 100 movies if you truly want this to take off.
Owning a business can be a good passive income source. The trick is in having the right people running the business for you. Whether it be via purchasing an existing business or opening a new business, your great business idea can be a feasible source of passive income.