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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 sponsor a company that stores your website on servers so that it can be seen 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 folks 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 buy a service or product.

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

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So, lets say you created a lead generation site which focuses on property. Youd utilize the site to educate people about home ownership. Or, youd educate them about property investing.

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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 region.

The real estate professional would cover you for the lead. Its a hot lead and not a cold encounter, 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 may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website at the top of search engine pages will be critical 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 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 website. There are websites which will pay you every time you shop at certain online retailers.

You just download the websites browser extension and every time youre on an e-commerce site thats eligible 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 cash back check these guys out 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 just to earn rewards. Just go on your shopping as usual, 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 shop that offers 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 customer.

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One of those cool things about this kind of business is that you do NOT need to purchase inventory. The customer pays for the product; you collect the gains, and also the manufacturer shops and ships the products to the customer. Its as simple as that.

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

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

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

You receive money for the price of the course which you just created. A platform for example Teachable can perform all the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Each time someone reaches one of your videos, ads can look, and you can earn money from those 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 lot of time up front, but once your videos are live there's potential for one to make passive income from each video indefinitely.

Granted you will likely not make a living from just a few videos. Be prepared to create over 100 videos if you really want this to take off.

Owning a business can be a good passive income source. The key 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 great business idea can be a viable source of passive income.

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