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In case you dont have a web site, 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 viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. That is because when folks click on the affiliate links on your site, you are given a commission at no additional cost . All they have to do is purchase a service or product.

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

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Therefore, lets say you created a lead generation site that focuses on real estate. Youd use the site to educate people about home ownership. Or, youd educate them about real estate investing.

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

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

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You could also make money by having advertisers on your site. Note that you would 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 goods 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 distinctive rewards shopping website. You will find sites 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 site thats eligible for cash-back, youll receive a notification. I use a free website named Ebates, which will cover you $10 just for signing up.

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With their dual money back specials, you can double your passive income earnings if the right items go on the market.

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 usual, 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 make an online store that provides products from certain manufacturers.

A person visits your website and requests a product, and then your system 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 customer pays for the product; you collect the profits, and the manufacturer stores and ships the products to the customer. Its as simple as that.

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

Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online course which helps resolve a problem or meets a need.

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The read more class can include videos, e-books, and mails with pertinent information. Customers sign up to buy the program, and your system automatically mails them everything they need to get the materials.

You get money for the price of the course that you just created. A platform for example Teachable can perform all of the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Each time someone reaches one of your videos, ads can appear, and you can make money from those ads. The trick to becoming successful with YouTube is building a big enough subscriber and audience 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 one to create passive income from each movie indefinitely.

Granted you will likely not make a living from only a few videos. Be prepared to make 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 right people running the business for you. Whether it be through purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.

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