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If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a website 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 make passive income. This is because when folks click on the affiliate links on your website, you are given a commission at no additional cost . All they have to do is buy a product or service.
Another way to produce passive income is to create a lead generation site. Lead generation sites exist to provide referrals to local businesses.
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So, lets say you produced a lead generation website which focuses on real estate. Youd use the website to educate people about home ownership. Or, youd instruct them about property investing.
The actual estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.
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You could 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 site successful. Getting your website at the top of search engine pages would 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's done very 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 special rewards shopping website. You will find sites which will pay you every time you shop at certain online retailers.
You simply download the websites 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 cover you $10 just for signing up.
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Using their dual money back specials, you can double your passive income earnings in the event the right things go on sale.
Again, your earning plan goes out the window if you purchase things you dont need just 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 common. Heres how it works: you create an online store that offers goods from certain manufacturers.
A person visits your website and orders 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 customer pays for the product; you collect the profits, and the manufacturer shops and ships the goods to the client. 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 class which will help resolve a issue or meets a need.
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The class can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the course, and your system automatically emails them everything they need to get the materials.
You get money for the price of the course that you created. A platform for example Teachable can perform all of the heavy lifting for you when creating your course.
Everyday regular people just like you and me are making money on YouTube. Every time someone watches one of your movies, ads can look, and you can earn money from these ads. The browse around these guys trick to becoming effective with YouTube is building a big enough subscriber and audience base.
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It can take a lot of time up front, however once your videos have been live there is potential for you to make passive income from each movie indefinitely.
Granted you will likely not make a living off of only a few videos. Be ready to create over 100 videos if you really want this to take off.
Owning a business can be a good passive income source. The key is in having the ideal people running the business for you. Whether it be via the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.