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In case you dont have a website, you can start one for less than $3/month. Thats the price for getting a site host a company that stores your website on servers so 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 produce passive income. That is because when people click on the affiliate links on your website, you are given a commission at no additional cost to them. All they need to do is purchase a service or product.
Another way to produce passive income is to create a lead generation site. Lead generation websites 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 real estate professional would cover you for the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.
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You might also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages will be vital to 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 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. You will find sites that will pay you every time you shop at certain online retailers.
You simply download the sites browser extension and each time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will pay you $10 just for signing up.
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With their double money back specials, you can double your passive income earnings in the event the ideal items go on sale.
Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the process.
With the explosion of eCommerce, drop shipping has become very popular. Heres how it works: you make an online store that offers products from certain manufacturers.
A person visits your website 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 client.
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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 product; you collect the gains, and also the manufacturer stores and Home Page 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 create a value-packed online course which helps resolve a he has a good point issue 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 program, and your system automatically mails them everything they need to access the materials.
You receive money for the price of the course that you created. A platform such as Teachable can perform all of the heavy lifting for you when creating your program.
Regular regular people just like you and me are making money on YouTube. Every time someone reaches one of your videos, ads can look, and you can earn money from these ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer 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 you to make passive income from each movie indefinitely.
Granted you probably will not make a living off of only a few videos. Be prepared to create over 100 movies if you truly 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 through purchasing an existing business or opening a new business, your good business idea can be a feasible source of passive income.