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In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a site sponsor a company that stores your site on servers so that it can be viewed on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a terrific way to produce passive income. That is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they need to do is buy a service or product.
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 created a lead generation website that focuses on real estate. Youd use the site to educate individuals about home ownership. Or, youd educate them about property investing.
The real 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 could also earn money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) principles 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 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 distinctive rewards shopping site. There are sites which will pay you each time you shop at certain online retailers.
You just download the websites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.
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With their double cash back specials, 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 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 remarkably common. Heres how it works: you create an online store that provides products from certain manufacturers.
A person visits your site and requests a product, and then your system sends the order to the particular 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 purchase inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer stores and ships the products to the client. Its as simple as that.
Online courses can be a great source of passive income. Heres how they operate: you create a value-packed online course which will help solve a problem or meets a need.
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The course can Read More Here 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 get money for the price of the course which you created. A platform for example Teachable can do all the heavy lifting for you when creating your program.
Everyday regular people like you and me are making money on YouTube. Each time someone watches one of your videos, advertisements can look, and you can make money from those ads. The key to becoming effective with YouTube is building a big 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 video indefinitely.
Granted you probably will not make a living off of only a couple of videos. Be ready to create over 100 movies if you really want this to take off.
Owning a business can be a fantastic 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 good business idea can be a feasible source of passive income.