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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 site sponsor a company that stores your website 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 great way to produce passive income. That is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is purchase a service or product.

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

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

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

The actual estate professional would pay you to the lead. Its a warm 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 site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site at the top of search engine pages would be vital to success.

Did you know you can sell your own products on Amazon and have them even send the products 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 site. There are websites which 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 website thats qualified for cash-back, youll receive a notification. read what he said I use a free website called Ebates, which will cover 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 ideal things go on sale.

Again, your earning plan goes out the window if you buy 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 common.  Heres how it works: you create an online store that offers products from certain manufacturers.

A person visits your website 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 client.

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One of those cool things about this kind of business is that you do NOT need to order inventory. The client pays for the product; you site web collect the profits, and also 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 such as Shopify to build your online shop.

Online courses can be a great source of passive income. Heres how they work: you produce a value-packed online class that helps resolve a problem or meets a need.

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

You receive money for the price of the course that you created. click this A platform for example 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 videos, ads can look, and you can make money from these ads. The key to becoming effective with YouTube is building a big enough subscriber and viewer base.

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

Granted you will likely not make a living off of just a couple of videos. Be prepared to make over 100 movies if you truly want this to take off.

Owning a business can be a good passive income source. 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 great business idea can be a viable source of passive income.

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