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If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website host 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 using Bluehost.

Affiliate marketing can be a terrific way to make passive income. That is because when people 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 product or service.

Another way to produce passive income is to create a lead generation website. 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 real estate. Youd utilize the website in order to educate individuals about home ownership. Or, youd educate them about real estate investing.

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

The actual estate professional would pay you to the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.

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You could also make money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages would be critical to success.

Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who has 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 special rewards shopping site. You check my reference will find discover this sites that will pay you every time you shop at certain online retailers.

You simply download the sites browser extension and every 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 money back specials, then you can double your passive income earnings if the right things go on sale.

Again, your earning strategy goes out the window if you buy 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 offers goods from certain manufacturers.

A person visits your website and requests 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 customer pays for the product; you collect the profits, and also the manufacturer shops and ships the goods to the client. Its as straightforward as that.

If 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 course which will help resolve a issue or fills a need.

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

Regular regular people like you and me are making money on YouTube. Every time someone watches one of your movies, advertisements can look, and you can make money from those ads. The trick to becoming effective with YouTube is building a big enough subscriber and audience base.

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

Granted you probably will not make a living from just a few videos. Be ready to make over 100 movies if you really 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 viable source of passive income.