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If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your website on servers so that 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 are given a commission at no additional cost . All they have to do is purchase a service or product.

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

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So, lets say you created a lead generation website which focuses on real estate. Youd utilize the site to educate individuals about home ownership. Or, youd instruct them about property investing.

Within the website youd have links where individuals 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 cover you to the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

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You could 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 website successful. Getting your website at the top of search engine pages would be vital to achievement.

Did you know that 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 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. You will find websites which will pay you every time you shop at certain online retailers.

You simply download the websites browser extension and each time youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

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Using their double cash back specials, you can double your passive income earnings if the ideal things 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 procedure.

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 orders a product, and then your system sends the order to the specific 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 type of business is that you do NOT need to purchase inventory. The client pays for the product; you collect the profits, and the manufacturer stores and ships the products to the client. Its as straightforward as that.

If youre interested in starting a drop shipping business, consider using a platform such as Shopify to build your online store.

Online visit this page classes can be a great source of passive income. Heres how they work: you create a value-packed online course that helps resolve a problem or meets a need.

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

You get money for the price of the course which you created. A platform for example Teachable can do all the heavy lifting for you when creating your course.

Everyday regular people just like you and me are making money on YouTube. Every time someone watches one of your videos, ads can appear, and you can make money from those ads. The trick to becoming successful with YouTube is building a large enough subscriber and audience base.

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It can take a lot of time up front, however once your videos have been dwell there is potential for you to make passive income from each movie indefinitely.

Granted you probably will not make a living off of only a couple of videos. Be ready to make over 100 movies if you really want this to remove.

Owning a business can be a good passive income resource. The trick is in having the ideal 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 viable source of passive income.