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If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website sponsor 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 with Bluehost.

Affiliate marketing can be a terrific way to produce passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they need to do is purchase a service or product.

Another way to make passive income is to make a lead generation site. Lead generation websites exist to provide referrals to local businesses.

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So, lets say you produced a lead generation website that focuses on real estate. Youd use the website in order to educate individuals about home ownership. Or, youd instruct them about property investing.

Within the site 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 actual estate professional would pay 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 earn money by having advertisers on your site. Note that you would have 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 critical for achievement.

Did you know that you can sell your own products on Amazon and have them even ship the goods 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 with a special rewards shopping site. You will find websites which 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 eligible for cash-back, youll get a notification. I use a free website named 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 if the ideal items go on sale.

Again, your earning plan goes out the window if you buy 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 very common.  Heres how it works: you create an online store that provides products from certain manufacturers.

A person visits your site and orders a product, and 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 type of business is that you do NOT need to purchase inventory. The client pays for the product; you collect the gains, and also the manufacturer stores and ships the products to the client. Its as straightforward as that.

In case youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online store.

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

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The class can include videos, e-books, check here and emails with pertinent information. Customers sign up to purchase the program, and your system automatically emails them everything they need to access the materials.

You receive money for the purchase price of the course that you just created. A platform for example Teachable can do all of 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 videos, advertisements can appear, and you can make money from these ads. The key to becoming effective with YouTube is building a large enough subscriber and audience base.

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It navigate here can take a lot of time up front, but once your videos are dwell there's potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living off of just a few videos. Be prepared to make over 100 movies if you really want this to remove.

Owning a business can be a fantastic passive income source. The trick is in having the right 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 feasible source of passive income.