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

Affiliate marketing can be a great way to make 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 service or product.

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

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So, lets say you produced a lead generation website that focuses on real estate. Youd utilize the site in order to educate individuals about home ownership. Or, youd educate them about real estate investing.

Within the website youd have links in which individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

The real estate professional would pay you to the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.

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You might 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 site at the top of search engine pages will be critical to achievement.

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

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

You Homepage just download the websites browser extension and each time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site called 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 things 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 about your shopping as usual, and potentially earn a nice cash bonus in the process.

With the explosion of eCommerce, drop shipping has become very popular.  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 machine sends the order 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 order inventory. The client pays for the merchandise; you collect the profits, and also the manufacturer shops 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 like Shopify to build your online shop.

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

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

You receive money for the purchase price of the course that you created. A platform such as Teachable can do all of 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 movies, advertisements 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 dwell there's potential for one to make passive income from each video indefinitely.

Granted you probably will not make a living from just a couple of videos. Be prepared to make over 100 movies 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 purchasing an existing business or opening a new business, your good business idea can be a viable source of passive income.