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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 site host a company that stores your site on servers so that it can be viewed 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. This is because when folks click on the affiliate links on your site, you are given a commission at no additional cost to them. All they have to do is buy a product or service.
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 produced a lead generation site that focuses on real estate. Youd use the site in order to educate individuals about home ownership. Or, youd educate them about real estate investing.
The real estate professional would pay you to the lead. Its a warm lead and not a cold encounter, so professionals would be more willing to pay.
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You might also earn money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site at the top of search engine pages would be vital for achievement.
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 really well with this 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 site. You will find websites that will pay you every time you shop at certain online retailers.
You just download the websites browser extension and each time youre on an e-commerce site thats eligible for cash-back, youll get 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 in the event the right items go on the market.
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 normal, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become very 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 specific 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 order inventory. The customer pays for the product; you collect the profits, and the manufacturer shops and ships the goods 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 class which helps solve a problem or fills a need.
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The course can include videos, e-books, and mails with pertinent information. Clients sign up to purchase the program, and your system automatically emails them everything they need to access the materials.
You receive money for the purchase price of the course that you just created. A platform such as Teachable can do all of the heavy lifting for you when creating your course.
Everyday regular people just like you and me are making money on YouTube. Every time someone reaches one of your videos, ads can look, and you can earn 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 you to create passive income from each video indefinitely.
Granted you will likely not make a living from only a couple of videos. Be ready to create 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 through the purchase of an existing business or opening a new business, your great business check idea can be a feasible source of passive income.