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If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your website on servers so it can be viewed 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. 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 purchase a service or product.

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

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

Within the site 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 area.

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

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You could also make 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 site near the top of search engine pages will be vital for 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 has done very well with this 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 site. There are 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 eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

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Using their double money back specials, you can double your passive income earnings if the right things 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 usual, and potentially earn a nice cash bonus in the procedure.

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

A person visits your site and requests 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 client.

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One of the 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 the manufacturer shops and ships the products to the customer. Its as simple as that.

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

Online look at this now classes can be a terrific source of passive income. Heres how they work: you produce a value-packed online class that will help solve a problem or meets 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 mails them everything they need to get the materials.

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

Regular regular people like you and me are making money on YouTube. Every time someone reaches one of your videos, ads can look, and you can earn 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 great deal of time up front, however once your videos have been live there is potential for one to create passive income from each video indefinitely.

Granted you probably will not make a living off of only a few videos. Be prepared to make over 100 videos if you truly want this to remove.

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 via the purchase of an existing business or opening a new business, your good business idea can be a viable source of passive income.