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If you dont have a website, you can start one for less than $3/month. Thats the cost for getting a website host a company that stores your website on servers so that it can be viewed on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to produce passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they need to do is buy a product or service.
Another way to produce passive income is to create a lead generation website. Lead generation sites exist to provide referrals to local businesses.
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So, lets say you created a lead generation site that focuses on property. Youd use the site in order to educate individuals about home ownership. Or, youd educate them about property investing.
The actual estate professional would cover you to the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.
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You might also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website near the top of search engine pages will be vital for achievement.
Did you know you can sell your own products on Amazon and have them even ship the goods for you I really 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 using a special rewards shopping site. There are sites that will pay you every 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. reference I use a free site called Ebates, which will pay you $10 just for signing up.
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With their dual cash back specials, you can double your passive income earnings in the event the right things 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 about 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 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 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 type of business reference is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer stores 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 create a value-packed online course that helps resolve a problem or fills a need.
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The class can include videos, e-books, and emails with pertinent information. Clients sign up to buy the course, and your system automatically emails them everything they need to get the materials.
You receive money for the 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 just like you and me are making money on YouTube. Every time someone watches one of your videos, ads can look, and you can earn money from these ads. The key to becoming successful with YouTube is building a large enough subscriber and audience base.
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It can take a great deal of time up front, however once your videos have been live there is potential for you to create passive income from each video indefinitely.
Granted you probably will not make a living off of just a couple of videos. Be ready to make over 100 videos if you truly want this to take off.
Owning a business can be a fantastic 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 good business idea can be a viable source of passive income.