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If you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your website on servers so that 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 produce passive income. This is because when folks click on the affiliate links on your website, you are given a commission at no additional cost . All they have to do is purchase a product or service.

Another way to make passive income is to create 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 site which focuses on property. Youd use the site to educate individuals about home ownership. Or, youd educate them about property investing.

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Within the site youd have links in which people 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 pay you for the lead. Its a warm lead and not a cold lead, 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 may need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website near the top of search engine pages will be critical for 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 really 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 special rewards shopping site. You will find websites that will pay you each time you shop at certain online retailers.

You simply download the websites browser extension and each time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free website called Ebates, which will pay you $10 just for signing up.

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With their double cash back specials, then you can double your passive income earnings if the right visit their website things 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 create an online store that offers products from certain manufacturers.

A person visits your website and orders a product, and then you can find out more your machine 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 the 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 stores and ships the products to the client. Its as straightforward as that.

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

Online classes can be a great source of passive income. Heres how they operate: you produce a value-packed online course which will help solve a problem or meets a need.

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The course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase 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 such as Teachable can do all of the heavy lifting for you when creating your program.

Everyday regular people 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 key to becoming successful with YouTube is building a large enough subscriber and viewer base.

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It can discover this take a lot of time up front, however once your videos are live there's potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living off of just a few videos. Be prepared to create over 100 videos if you really want this to take off.

Owning a business can be a good passive income source. The key is in having the right 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.

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