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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 sponsor a company that stores your website on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

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

Another way to produce passive income is to create a lead generation site. Lead generation sites exist to give warnings to local businesses.

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So, lets say you produced a lead generation website that focuses on property. Youd utilize the website in order to educate people about home ownership. Or, youd instruct them about property investing.

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

The real estate professional would cover you for the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

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You could also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website 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 send the products for you I actually have a friend who's done really well with this as he earns 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 that will pay you every time you shop at certain online retailers.

You simply download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site called Ebates, which will cover you $10 just for signing up.

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Using their double cash back specials, then you can double your passive income earnings in the event the ideal things go on the market.

Again, your earning strategy goes out the window if you purchase things you dont need just to official site 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 very common.  Heres how it works: you create an online store that provides products from certain manufacturers.

A person visits your website and orders a product, and then your machine 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 kind of business is that you do NOT need to purchase inventory. The customer pays for the product; you collect the gains, and also the manufacturer shops and ships the products to the customer. Its as simple as that.

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If youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online shop.

Online classes can be a great source of passive income. Heres how they operate: you produce a value-packed online course that will help resolve a problem or fills a need.

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

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

Regular regular people just like you and me are making money on YouTube. Each time someone watches one of your movies, advertisements can look, and you can earn money from those ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer 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 one to create passive income from each video indefinitely.

Granted you probably will not make a living from only a few videos. Be prepared to create over 100 videos if you really want this to take off.

Owning a business can be a good passive income resource. The key is in having the right people running the business for you. Whether it be via purchasing an existing business or opening a new business, your great business idea can be a feasible source of passive income.

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