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If you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your site on servers so that it can be viewed 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 receive a commission at no additional cost . All they have to do is buy a service or product.
Another way to produce passive income is to create a lead generation site. Lead generation websites exist to give referrals to local businesses.
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Therefore, lets say you produced a lead generation site that focuses on real estate. Youd utilize the website in order to educate people about home ownership. Or, youd educate them about real estate investing.
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 earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site near the top of search engine pages will be vital for success.
Did you know that you can sell your own products on Amazon and have them even send the goods for you I really have a friend who has done really well with this as he makes six figures per year selling his own products online.
You can earn even more money by signing up with a distinctive rewards shopping website. There are sites that will pay you every time you shop at certain online retailers.
You simply 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 called Ebates, which will cover you $10 just for signing up.
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Using their dual cash back specials, you can double your passive income earnings in the event the ideal 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 on your shopping as normal, and potentially earn a nice cash bonus in the procedure.
With the explosion of eCommerce, drop shipping has become remarkably common. Heres how it works: you make an online store that offers products from certain manufacturers.
A person visits your website and orders a product, and then your system sends the order to the specific 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 product; you collect the gains, and the manufacturer shops and ships the products to the client. Its as simple as that.
Online classes can be a great source of passive income. Heres how they work: you produce a value-packed online class that helps resolve a problem or meets a need.
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The course can include videos, e-books, and emails with pertinent information. Customers sign up to buy the program, 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 such as Teachable can do all of the heavy lifting for you when creating your program.
Regular regular people like you and me are making money on YouTube. Each time someone watches one of your movies, ads can appear, and you can earn money from these ads. The trick to becoming successful with YouTube is building a large enough subscriber and viewer base.
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It can take a lot of time up front, however once your videos have been live there's potential for you to make passive income from each movie indefinitely.
Granted you will likely not make a living from only a couple of get more videos. Be prepared to make over 100 videos if you really want this to remove.
Owning a business can be a good passive income source. The trick is in having the ideal people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.