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If you dont have a website, you can start one for less than $3/month. Thats the cost for getting a site 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 make passive income. This is because when people click on the affiliate links on your site, you are given 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 create a lead generation website. Lead generation websites exist to give warnings to local businesses.
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So, lets say you produced a lead generation site that focuses on property. Youd use the website in order to educate individuals about home ownership. Or, youd instruct them about property 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 could also earn money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near the top of search engine pages would be vital for success.
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 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 using a distinctive rewards shopping website. There are sites that will pay you every time you shop at certain online retailers.
You just download the websites browser extension and each time youre on an e-commerce site thats eligible for cash-back, youll get 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 if the right things go on sale.
Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as usual, 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 shop that provides goods from certain manufacturers.
A person visits your website and orders a product, and then your system sends the purchase to the particular manufacturer. The manufacturer then completes the order by shipping it directly to the client.
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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 gains, and also the manufacturer stores and ships the products to the client. Its as straightforward as that.
Online courses can be a terrific source of passive income. Heres how they operate: you produce a value-packed online course that helps solve a problem or fills a need.
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The course can include videos, e-books, and mails with pertinent information. Customers sign up to purchase the course, and your system automatically emails them everything they need to access the materials.
You get money for the price of the course which you just created. A platform for example Teachable can perform all of the heavy lifting for you when creating your course.
Everyday regular people like you and me are making money on YouTube. Each time someone reaches one of your movies, ads can appear, and you can earn money from those ads. The trick to becoming effective 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 dwell there is potential for one to make passive income from each video indefinitely.
Granted you will likely not make a living off of only a couple of videos. Be prepared to make over 100 videos 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 good business idea can be a feasible source of passive income.