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If 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 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 produce 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 need to do is buy a service or product.

Another way to make passive income is to make a lead generation website. 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 utilize the site in order to educate individuals about home ownership. Or, youd educate them about real estate investing.

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

The real estate professional would pay you to the lead. Its a hot lead and not a cold lead, 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) rules in order to make the site successful. Getting your website at the top of search engine pages will be critical for achievement.

Did you know that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who's done very well with this as 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 website. You will find websites that will pay you each 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 double money back specials, then you can double your passive income earnings if the ideal things go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need just 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 goods from certain manufacturers.

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

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

Online classes can be a great source of passive income. Heres how they operate: you produce a value-packed online class that helps resolve 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 emails them everything they need to get the materials.

You receive money for the 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.

Regular regular people just like you and me are making money on YouTube. Every time someone reaches one of your movies, ads can appear, and you can make money from those ads. The key to becoming effective 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 recommended you read there's potential for you to create passive income from each video indefinitely.

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

Owning a business can be a good passive income source. The trick 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 viable source of passive income.