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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 sponsor a company that stores your website on servers so it can be viewed on the Internet.  Click here to find special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a terrific way to make passive income. This is because when folks click on the affiliate links on your website, you are given a commission at no additional cost to them. All they need to do is buy a service or product.
Another way to make passive income is to make a lead generation website. Lead generation sites exist to provide warnings to local businesses.
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So, lets say you created a lead generation website which focuses on real estate. Youd use the site to educate individuals about home ownership. Or, youd instruct them about real estate investing.
The actual estate professional would pay 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 website. Note that you would have 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 that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who's done very well with this as 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 site. You will find sites which will pay you every time you shop at certain online retailers.
You just download the websites other browser extension and every time youre on an e-commerce site thats qualified 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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With their dual cash back specials, then you can double your passive income earnings in the event the right things go on sale.
Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on 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 make an online store that provides products from certain manufacturers.
A person visits your site and orders a product, and then your machine 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 those cool things about this type of business is that you do NOT need to order inventory. The client pays for the product; you collect the gains, and the manufacturer shops and ships the goods to the customer. Its as simple weblink as that.
Online courses can be a great source of passive income. Heres how they work: you create a value-packed online class that helps resolve a problem or fills a need.
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The course can include videos, e-books, and emails with pertinent information. Clients sign up to buy 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 just created. A platform such as Teachable can perform all the heavy lifting for you when creating your course.
Everyday regular people just like you and me are making money on YouTube. Each time someone reaches one of your movies, ads can appear, and you can make 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, but once your videos are live there is potential for you to make passive income from each movie indefinitely.
Granted you will likely not make a living off of only a couple of videos. Be prepared to make over 100 movies if you truly want this to take off.
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 feasible source of passive income.