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If you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website 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 great way to produce passive income. That is because when people click on the affiliate links on your site, you are given a commission at no additional cost to them. All they have to do is purchase a service or product.

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

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

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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 would be more willing to pay.

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You might also earn money by having advertisers on your website. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site 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 send the goods for you I actually have a friend who has 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 distinctive rewards shopping website. There are sites that will pay you every time you shop at certain online retailers.

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

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

Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go on 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 offers products from certain manufacturers.

A person visits your website and orders a product, and then go to this website 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 customer pays for the merchandise; you collect the gains, and also the manufacturer stores and ships the goods to the customer. Its as straightforward as that.

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If 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 terrific source of passive income. Heres how they work: you produce a value-packed online course that will help resolve a problem or fills a need.

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

You receive money for the price of the course which you created. A platform such as Teachable can do 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 these ads. The key to becoming successful with YouTube is building a big enough subscriber and audience base.

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It can take a lot of time up front, but once your videos have been dwell there's potential for you to create passive income from each movie indefinitely.

Granted you probably will not make a living off of just a couple of videos. Be ready to create over 100 videos if you really want this to take off.

Owning a business can be a fantastic passive income source. The trick is in having the ideal 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.

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