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In case you dont have a website, you can begin 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 seen on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. This 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 buy a service or product.

Another way to produce passive income is to create a lead generation site. Lead generation websites exist to provide referrals to local businesses.

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So, lets say you produced a lead generation site which focuses on real estate. Youd use the site to educate individuals about home ownership. Or, youd educate them about real estate investing.

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

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

Did you know you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who's done very well with this he earns 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 every time you shop at certain online retailers.

You simply download the websites browser extension and every time youre on an e-commerce site thats eligible for cash-back, youll get a notification. I use a free you can find out more site named Ebates, which will pay you $10 just for signing up.

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Using their dual money back specials, then you can double your passive income earnings if the right items go on the market.

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become very popular.  Heres how it works: you create an online store that provides goods 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 client. Its as straightforward as that.

If youre interested in starting a drop shipping business, consider using a platform such as Shopify to build your online store.

Online classes can be a terrific source of passive income. Heres how they operate: you create a value-packed online class that helps solve a issue or meets a need.

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

You get money for the price of the course that you created. A platform such as Teachable can do all of the heavy lifting for you when creating your course.

Regular regular people just like you and me are making money on YouTube. Every time someone watches one of your videos, advertisements can appear, and you can make money from those ads. The trick click this to becoming successful with YouTube is building a large enough subscriber and viewer base.

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It can take a lot of time up front, but once your videos are live there is potential for you to create passive income from each video indefinitely.

Granted you probably will not make a living off of 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 fantastic passive income source. 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 great business idea can be a feasible source of passive income.