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In case you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a site host a company that stores your website on servers so that it can be seen on the Internet.  Click here to find special pricing of $2.95/month with 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 to them. All they have to do is purchase a product or service.
Another way to make passive income is to make a lead generation site. Lead generation websites exist to give referrals to local businesses.
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Therefore, lets say you produced a lead generation site that focuses on real estate. Youd utilize the site in order 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 website. Note that you may need 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 for success.
Did you know you can sell your own products on Amazon and have them even ship the products for you I really have a friend who has 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. There are sites that will pay you each time you shop at certain online retailers.
You just download the sites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll receive a notification. I use a free site named Ebates, which will pay you $10 just for signing up.
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With 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 buy things you dont need simply to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become remarkably popular. Heres how it works: you make an online store that provides goods from certain manufacturers.
A person visits your site 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 customer.
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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 merchandise; you collect the profits, and the manufacturer stores and ships the goods to the customer. Its as straightforward as that.
Online courses can be a great source of passive income. Heres how they operate: you create a value-packed online class which helps resolve a problem or meets a need.
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The course can include videos, e-books, and emails with pertinent information. Customers 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 that you created. A platform such as Teachable can perform all of the heavy lifting for you when creating your course.
Everyday regular people right here just like you and me are making money on YouTube. Every 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 large enough subscriber and audience base.
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It can take a lot of time up front, but once your videos have been live there is potential for you to create passive income from each movie indefinitely.
Granted you probably will not make a living off of only a couple of videos. Be ready to create over 100 videos if you truly want this to remove.
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 the purchase of an existing business or opening a new business, your great business idea can be a feasible source of passive income.