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In case you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your site on servers so it can be viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific 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 to them. All they need to do is purchase a service or product.

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

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

Within the site youd have links in which people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

The actual estate professional would pay you for the lead. Its a hot lead and not a cold encounter, 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) rules in order to make the site successful. Getting your website near the top of search engine pages will be critical for achievement.

Did you know 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 makes six figures per year selling his own products online.

You can earn even more money by signing up using a distinctive rewards shopping website. There are sites which will pay you each time you shop at certain online retailers.

You just download the sites browser extension and each 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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Using their dual money back specials, you can double your passive income earnings in the event the ideal items go on the market.

Again, your earning plan goes out the window if you purchase things you dont need just 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 remarkably common.  Heres how it works: you make an online store that provides goods from certain manufacturers.

A person visits your website and requests 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 client.

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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 merchandise; you collect the gains, and also the manufacturer stores and ships the products to the customer. Its as simple as that.

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

Online courses can be a great source of passive income. Heres how they work: you create a value-packed online course which will help solve a issue or fills a need.

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The class can include videos, e-books, and mails with pertinent information. Customers sign up to purchase the program, and your system automatically emails them everything they need to access the materials.

You get money for the purchase price of the course that you just created. A platform for example Teachable can do all 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 movies, ads can look, and you can earn money from those ads. The key to becoming effective with YouTube is building a large enough subscriber and audience base.

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

Granted you will likely not make a living from just a couple of videos. Be ready to make over 100 movies if you really want this to take off.

Owning a business can be a good passive income source. The trick next is in having the ideal people running the business for you. Whether it be through purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.