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In case you dont have a website, you can start one for less than $3/month. Thats the price for getting a site host a company that stores your site on servers so that it can be seen 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 people click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is purchase a service or product.
Another way to produce passive income is to make a lead generation site. Lead generation sites exist to give warnings to local businesses.
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Therefore, lets say you created a lead generation website which focuses on real estate. Youd utilize the site to educate people about home ownership. Or, youd instruct them about property investing.
The real estate professional would cover you for the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.
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You might also earn money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website near the top of search engine pages will be critical to achievement.
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 has 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 using a distinctive rewards shopping website. There are websites which will pay you each time you shop at certain online retailers.
You simply download the websites browser extension and each time youre on an e-commerce website thats qualified for cash-back, youll receive a notification. I use a free site called Ebates, which will cover 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 ideal things go on sale.
Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go about 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 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 is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the profits, and the manufacturer stores and ships the goods to the customer. Its as straightforward as that.
Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online course which helps solve a problem or meets a need.
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The class can include videos, e-books, and emails with pertinent information. Customers sign up to buy the program, and your system automatically mails them everything they need to get the materials.
You receive money for the price of the course that you just created. A platform for example Teachable can perform all 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 movies, ads can look, and you can make money from these 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, but once your videos have been live there is potential for you to make passive income from each video indefinitely.
Granted you will likely not make a living from just a few videos. Be ready to create over 100 videos if you truly want this to remove.
Owning a business can be a good passive income resource. The trick is in having the ideal people running the business for you. Whether it be via purchasing an existing business or opening a new business, your good business idea can be a viable source of important link passive income.