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

Affiliate marketing can be a great way to produce passive income. This is because when folks click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is buy a service or product.

Another way to produce passive income is to create a lead generation website. Lead generation websites exist to provide referrals to local businesses.

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

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

The real 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 might also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site at the top of search engine pages will be critical to success.

Did you know you can sell your own products on Amazon and have them even send the products for you I actually have a friend who's done really well with this as 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. There are websites which will pay you every time you shop at certain online retailers.

You simply download the websites 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 cover you $10 just for signing up.

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Using their double cash back specials, then 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 on your shopping as usual, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become remarkably popular.  Heres how it works: you create an online store that provides goods from certain manufacturers.

A person visits your website and orders a product, and then your machine 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 type of business is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer stores and ships the goods to the client. Its as simple as that.

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

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

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

You receive money for the price of the course that you just created. A platform for example Teachable can perform all the heavy lifting for you when creating your program.

Everyday regular people just like you and me are making money on YouTube. Each 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 viewer 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 movie indefinitely.

Granted you will likely not make a official site living off of just visite site a couple of videos. Be ready to create over 100 movies if you really want this to remove.

Owning a business can be a fantastic passive income resource. The key is in having the right people running the business for you. Whether it be through purchasing an existing business or opening a new business, your good business idea can be a feasible source of passive income.