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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 sponsor a company that stores your site on servers so it can be viewed 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. That is because when people click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is buy a service or product.

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

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Therefore, lets say you created a lead generation website which focuses on property. Youd utilize the site in order to educate individuals about home ownership. Or, youd instruct them about property 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 actual 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 could also earn money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the website 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 send the products for you I actually have a friend who has 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 site. You will find websites that will pay you every time you shop at certain online retailers.

You just download the sites 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 named Ebates, which will pay you $10 just for signing up.

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Using their dual money back specials, then you can double your passive income earnings if the right things go on sale.

Again, your earning strategy goes out the window if you buy 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 site and orders a product, and then your machine 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 type of business is that you do NOT need to order inventory. The client pays for the merchandise; you Our site collect the gains, and also the manufacturer stores and ships the products to the customer. Its as simple as that.

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

Online classes can be a great source of passive income. Heres how they operate: you create a value-packed online class that will help solve a issue or meets a need.

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

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

Everyday regular people like you and me are making money on YouTube. Each time someone watches one of your videos, ads can appear, and you can make money from these ads. The trick to becoming effective with YouTube is building a big enough subscriber and audience base.

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It can take a great deal of time up front, but once your videos have been live there is potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living from just a few videos. Be prepared to make over 100 movies if you truly want this to take off.

Owning a business can be a good passive income source. 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 good business idea can be a feasible source of passive income.