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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 sponsor a company that stores your site 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 great way to produce passive income. That 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 product or service.
Another way to produce passive income is to create a lead generation site. Lead generation sites exist to give warnings to local businesses.
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So, lets say you created a lead generation site which focuses on real estate. Youd utilize the website to educate people about home ownership. Or, youd educate them about property investing.
The real estate professional would pay you to the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.
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You might also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site near the top of search engine pages will be vital for success.
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 really 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 distinctive rewards shopping website. You will find websites which will pay you each time you shop at certain online retailers.
You just 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 website named Ebates, which will cover you $10 just for signing up.
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With their double money back specials, you can double your passive income earnings if the ideal items go on the market.
Again, your earning strategy goes out the window if you purchase things you dont need just 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 remarkably common. Heres how it works: you create an online shop that offers goods from certain manufacturers.
A person visits your website and requests a product, and then your machine 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 the cool things about this kind of business is that you do NOT need to purchase inventory. The client Your Domain Name pays for the product; you collect the profits, and the manufacturer stores and ships the goods to the customer. Its as simple as that.
Online courses can be a terrific source of passive income. Heres how they operate: you create a value-packed online course that will help solve a issue or meets a need.
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The class can include videos, e-books, and mails with pertinent information. Customers sign up to purchase the program, and your system automatically mails them everything they need to get the materials.
You get money for the price of the course which you just created. A platform for example Teachable can do all of the heavy lifting for you when creating your program.
Everyday regular people like you and me are making money on YouTube. Every time someone watches one of your videos, advertisements can appear, and you can make money from these ads. The trick to becoming effective with YouTube is building a big enough subscriber and viewer base.
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It can take a great deal of time up front, however once your videos are live there is potential for one to create passive income from each movie indefinitely.
Granted you probably will not make a living off of only a couple of videos. Be prepared to make over 100 videos if you truly want this to remove.
Owning a business can be a good passive income source. 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 good business idea can be a feasible source of passive income.