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If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a site host a company that stores your site on servers so that it can be viewed on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to produce passive income. That is because when folks 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 buy a service or product.
Another way to make passive income is to make a lead generation site. Lead generation websites exist to provide referrals to local businesses.
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Therefore, lets say you produced a lead generation site which focuses on real estate. Youd use the site to educate people about home ownership. Or, youd instruct them about property investing.
The real estate professional would cover 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 could also make money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site near 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 very 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 special rewards shopping website. You will find sites which will pay you each time you shop at certain online retailers.
You simply download the websites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free website called Ebates, which will cover you $10 just for signing up.
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With their dual cash back specials, you can double your passive income earnings if the ideal items go on sale.
Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go on your shopping as normal, 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 create an online store that offers goods from certain manufacturers.
A person visits your site and requests a product, and then your machine 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 kind of business is that you do NOT need to order inventory. The customer pays for the product; you collect the profits, and also the manufacturer shops and ships the goods to the client. Its as straightforward as that.
Online courses can be a great source of passive income. Heres how they work: you produce a value-packed online class which will help resolve a issue or fills a need.
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The course can include videos, e-books, and emails with pertinent information. Clients sign up to buy the program, and your system automatically emails them everything they need to access the materials.
You receive money for the purchase price of the course which you created. A platform such as Teachable can do all the heavy lifting for you when creating your program.
Everyday regular people like you and me are making money on YouTube. Each time someone watches one of your videos, advertisements can look, and you can make money from those ads. The key 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, but once your videos have been live there is potential for you to create passive income from each video indefinitely.
Granted you will likely not make a living from only a couple of videos. Be visit the site 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 ideal people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a feasible source of passive income.