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In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so it can be viewed on the Internet.  Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to produce passive income. That 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 need to do is purchase a product or service.
Another way to produce passive income is to make a lead generation site. Lead generation sites exist to give referrals to local businesses.
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So, lets say you produced a lead generation site which focuses on property. Youd use the site in order to educate individuals about home ownership. Or, youd educate them about real estate investing.
The actual estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.
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You might also earn money by having advertisers on your site. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near the top of search engine pages will be critical 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 has done really well with this he makes six figures per year selling his own products online.
You can earn even more money by signing up using a distinctive rewards shopping website. You will find websites that will pay you each time you shop at certain online retailers.
You just download the sites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive a notification. I use a free website 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 if the right things go on the market.
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 normal, and potentially earn a nice cash bonus in the process.
With the explosion of eCommerce, drop shipping has become very popular. Heres how it works: you make an online shop that provides products from certain manufacturers.
A person visits your site and orders 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 the cool things about this type of business is that you do NOT need to order inventory. The customer pays for the product; you collect the profits, and also the manufacturer stores and ships the products to the client. Its as straightforward as that.
Online classes can be a great source of passive income. Heres how they work: you produce a value-packed online course that helps resolve a issue or fills a need.
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The class can include videos, e-books, and mails with pertinent information. Clients sign up to purchase the course, and your system automatically mails them everything they need to get the materials.
You receive money for the purchase price of the course which you created. A platform such as Teachable can perform all of the heavy lifting for you when creating your program.
Regular regular people navigate to this website 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 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 great deal of time up front, however once your videos are live there is potential for one to create passive income from each movie indefinitely.
Granted you probably will not make a living from only a couple of videos. Be prepared to make over 100 movies if you really want this to remove.
Owning a business can be a fantastic passive income resource. 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.