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In case you dont have a website, you can start one for less than $3/month. Thats the cost for getting a website host a company that stores your site on servers so it can be seen on the Internet.  Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make passive income. That 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 buy a product or service.
Another way to make passive income is to make a lead generation site. Lead generation sites exist to provide warnings to local businesses.
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So, lets say you produced a lead generation website which focuses on real estate. Youd utilize the website in order to educate people about home ownership. Or, youd educate them about real estate investing.
The actual estate professional would pay 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 may have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages will be critical to success.
Did you know you can sell your own products on Amazon and have them even ship the goods for you I actually have a friend who has done very 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. You will find sites that will pay you each time you shop at certain online retailers.
You simply download the sites browser extension and every time youre on an e-commerce site thats eligible for cash-back, youll receive a notification. I use a free site called Ebates, which will pay 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 right things go on the market.
Again, your earning plan goes out the window if you purchase things you dont need simply 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 offers goods from certain manufacturers.
A person visits your website and requests a product, and then your system sends the order to the specific manufacturer. The manufacturer then completes the news order by shipping it directly to the client.
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One of those cool things about this type of business is that you do NOT need to purchase inventory. The client pays for the merchandise; you collect the gains, and the manufacturer stores and ships the products to the customer. Its as straightforward as that.
Online courses can be a great source of passive income. Heres how they work: you create a value-packed online class which helps solve 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 Website to buy the program, and your system automatically emails them everything they need to get the materials.
You get money for the purchase price of the course which you created. A platform such as 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. Every time someone reaches one of your videos, ads can appear, and you can earn 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 great deal of time up front, but once your videos are dwell there's potential for one to make passive income from each movie indefinitely.
Granted you will likely not make a living off of just a couple of videos. Be ready to make over 100 videos if you truly want this to take off.
Owning a business can be a good passive income resource. The key is in having the ideal people running the business over here for you. Whether it be through the purchase of an existing business or opening a new business, your good business idea can be a viable source of passive income.