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If 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 website on servers so that it can be seen on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a terrific way to make passive income. This is because when folks click on the affiliate links on your site, you are given a commission at no additional cost to them. All they need to do is buy a product or service.
Another way to produce passive income is to make a lead generation site. Lead generation websites exist to provide warnings to local businesses.
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So, lets say you created a lead generation site that focuses on property. Youd utilize the website in order to educate people about home ownership. Or, youd instruct them about property investing.
The actual estate professional would cover you to the lead. Its a warm lead and not a cold encounter, so professionals would be more willing to pay.
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You might also earn money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near the top of search engine pages will be critical to success.
Did you know that you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who has done very 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 distinctive rewards shopping site. There are websites which 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 get a notification. I use a free site called Ebates, which will pay you $10 just for signing up.
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Using their dual money back specials, you can double your passive income earnings if the right things go on sale.
Again, your earning strategy 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 remarkably popular. Heres how it works: you make an online store that offers 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 customer pays for the merchandise; you collect the gains, and also the manufacturer stores and ships the goods to the customer. Its as straightforward as that.
Online courses can be a great source of passive income. Heres how they operate: you create a value-packed online course which will help solve a problem or fills a need.
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The course can include videos, e-books, and emails with pertinent information. Customers 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 created. A platform such as Teachable can do all the heavy lifting for you when creating your program.
Regular regular people like you and me are making money on YouTube. Each time someone reaches one of your videos, advertisements can look, 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 can take a lot of time up front, however once your videos are live there's potential for one to create passive income from each video indefinitely.
Granted you will likely not make a living off of just a few 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 resource. The key 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.