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If you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website host a company that stores your website on servers so it can be seen on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great 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 have to do is buy a product or service.

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

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So, lets say you produced a lead generation site which focuses on real estate. Youd use the site in order to educate individuals about home ownership. Or, youd instruct them about real estate 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 area.

The actual estate professional would cover you to the lead. Its a warm 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 would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near the top of search engine pages would be vital for success.

Did you know you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who's done really well with this he earns six figures per year selling his own products online.

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

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

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Using their double cash back specials, you can double your passive income earnings in the event the right items go on sale.

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

A person visits your site 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 the cool things about this kind of business is that you do NOT need to order inventory. The client pays for the product; you collect the profits, 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 such as Shopify to build your online store.

Online courses can be a great 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 emails with pertinent information. Clients sign up to buy the program, and your system automatically mails them everything they need to access the materials.

You get money for the price of the course that you just created. A platform such as Teachable can perform 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 reaches one of your videos, advertisements can appear, 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 this time up front, however once your videos have been live there is potential for you to make passive income from each video indefinitely.

Granted you will likely not make a living off of just a few videos. Be prepared to make over 100 videos if you really want this to remove.

Owning a business can be a fantastic passive income source. The trick is in having the ideal people running the business for browse this site 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.