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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 website on servers so 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 produce passive income. That is because when folks click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is purchase a product or service.

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

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So, lets say you created a lead generation site which focuses on real estate. Youd use the site to educate individuals about home ownership. Or, youd educate 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 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 make money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near the top of search engine pages would be vital to achievement.

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

You can earn even more money by signing up with a special rewards shopping website. You will find sites that will pay you each 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 receive a notification. I use a free site named Ebates, which will pay you $10 just for signing up.

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

Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the process.

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

A person visits your website and orders a product, and then your system 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 kind of business is that you do NOT need to purchase inventory. The client pays for the merchandise; you collect the profits, and the manufacturer stores and ships the products to the client. Its as straightforward as that.

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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 create a value-packed online course which will help solve a issue or meets a need.

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The class can include videos, e-books, and mails he said with pertinent information. Customers sign up to purchase the program, and your system automatically emails them everything they need to access the materials.

You receive money for the purchase price of the course which 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, 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 dwell there is potential for one to make passive income his response from each movie indefinitely.

Granted you will likely 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 good passive income resource. The key is in having the right 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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