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In case you dont have a website, you can begin one for less than $3/month. Thats the price for getting a site sponsor a company that stores your website on servers so that 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 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 . All they have to do is buy a product or service.

Another way to make passive income is to make a lead generation website. Lead generation websites exist to give warnings to local businesses.

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So, lets say you created a lead generation website which focuses on property. Youd utilize the website in order to educate people about home ownership. Or, youd instruct them about real estate investing.

Within the website youd have links where people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their area.

The real 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 site successful. Getting your website at the top of search engine pages would be critical for success.

Did you know that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who's 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 websites that will pay you every time you shop at certain online retailers.

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

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Using their dual money 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 buy things you dont need simply 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 very popular.  Heres how it works: you create an online shop that offers products from certain manufacturers.

A person visits your website and orders a product, and then your machine sends the purchase 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 kind of business is that you do NOT need to purchase inventory. The customer pays for the product; you pop over to this site collect the gains, and also the manufacturer stores and ships the goods to the customer. Its as straightforward as that.

In case youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online shop.

Online classes can be a terrific source of passive income. Heres how they operate: you produce a value-packed online class that helps solve a problem or fills a need.

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The course can include videos, e-books, and mails with pertinent information. Customers sign up to buy the course, and your system automatically mails them everything they need to get the materials.

You receive money for the price of the course that you created. A platform for example Teachable can perform all of the heavy lifting for you when creating your program.

Regular regular people just like you and me are making money on YouTube. Every time someone reaches one of your movies, advertisements can appear, and you can make money from those ads. The trick to becoming successful with YouTube is building a large enough subscriber and viewer base.

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It can take a lot of time up front, however once your videos have been live there is potential for you to create passive income from each movie indefinitely.

Granted you probably will not make a living off of just a couple of videos. Be ready to create over 100 movies if you truly want this to remove.

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 through the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.