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If you dont have a web site, 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 great way to make passive income. This 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 have to do is buy a service or product.

Another way to make passive income is to create a lead generation website. Lead generation websites exist to give referrals to local businesses.

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So, lets say you created a lead generation website which focuses on real estate. Youd utilize the site to educate individuals about home ownership. Or, youd instruct them about real estate investing.

Within the website youd have links where individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

The real estate professional would cover you for the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

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You could also make money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near the top of search engine pages would 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's 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 special rewards shopping website. There are websites which will pay you each time you shop at certain online retailers.

You just download the websites browser extension and each time youre on an e-commerce website thats qualified 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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Using their dual cash back specials, then 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 on your shopping as usual, 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 make an online shop that provides products from certain manufacturers.

A person visits your website and requests a product, and then your system sends the purchase to the specific 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 type of business is that you do NOT need to purchase inventory. The client pays for the product; you collect the profits, and also the manufacturer stores and ships the products to the customer. Its as straightforward as that.

In case youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online store.

Online courses can be a great source of passive income. Heres how they work: you produce a value-packed online course which helps 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 buy the program, and your system automatically Continued emails them everything they need to access the materials.

You receive money for the price of the course which you created. A platform such as Teachable can do all the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your movies, advertisements can look, and you can make money from those ads. The key to becoming effective with YouTube is building a large enough subscriber and viewer base.

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It can take a lot of time up front, but once your videos are dwell there's potential for one to make passive income from each video indefinitely.

Granted look these up you will likely not make a living off of only a couple of videos. Be ready to create over 100 videos if you really want this to take off.

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 the purchase of an existing business or opening a new business, your good business idea can be a viable source of passive income.