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In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website sponsor 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 with Bluehost.
Affiliate marketing can be a terrific way to produce passive income. That is because when folks click on the affiliate links on your site, you receive a commission at no additional cost . All they have to do is buy a service or product.
Another way to make passive income is to make a lead generation website. Lead generation sites exist to provide referrals to local businesses.
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Therefore, lets say you created a lead generation website which focuses on real estate. Youd use the website in order to educate individuals about home ownership. Or, youd instruct them about property investing.
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 might also earn money by having advertisers on your site. Note that you would have 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 vital to success.
Did you know you can sell your own products on Amazon and have them even send the products for you I really 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 distinctive rewards shopping website. You will find sites which will pay you each time you shop at certain online retailers.
You just download the websites browser extension and every time youre on an e-commerce site thats eligible for cash-back, youll receive a notification. I use a free site named Ebates, which will cover you $10 just for signing up.
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Using their dual cash back specials, then you can double your passive income earnings if the right items go on sale.
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 very common. Heres how it works: you create an online shop that provides goods from certain manufacturers.
A person visits your website and orders a product, and then your my company 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 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 products to the customer. Its as simple as that.
Online courses can be a great source of passive income. Heres how they operate: you produce a value-packed online class which helps solve a problem or meets a need.
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The course 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 get the materials.
You get money for the purchase price of the course that you created. A platform for example Teachable can do all of the heavy lifting for you when creating your course.
Everyday helpful resources regular people just like you and me are making money on YouTube. Each time someone reaches one of your videos, advertisements can appear, and you can earn money from those ads. The trick to becoming successful with YouTube is building a big enough subscriber and viewer base.
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It can take a lot of time up front, however once your videos are live there is potential for one to create passive income from each video indefinitely.
Granted you will likely not make a living off of only 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 trick is in having the right people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.