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In case 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 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. This is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they need to do is purchase a service or product.

Another way to produce passive income is to create a lead generation site. Lead generation sites exist to give referrals to local businesses.

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

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Within the website 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 for the lead. Its a hot 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 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 for success.

Did you know that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who has done very well with this he earns 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 sites which will pay you each time you shop at certain online retailers.

You simply 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 website called 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 ideal items 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 procedure.

With the explosion of eCommerce, drop shipping has become very popular.  Heres how my review here it works: you make an online store that provides products from certain manufacturers.

A person visits your website and requests a product, and then your system 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 those cool things about this type of business is that you do NOT need to purchase inventory. The client pays for the merchandise; you collect the gains, and also the manufacturer shops and ships the goods to the client. Its as simple as that.

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

Online courses can be a terrific source of passive income. Heres how they work: you create a value-packed online class that helps solve a problem or meets a need.

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

You get money for the purchase price of the course which you just created. A platform such as Teachable can do all the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your movies, ads can appear, and you can earn money from these ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer base.

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It can take a great deal of time up front, but once your videos are live there is potential for you to make passive income from each video 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 resource. The trick is in having the ideal people running the business for you. Whether it be via purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.

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