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In case you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website sponsor 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 using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. That is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is buy a product or service.

Another way to make passive income is to create a lead generation site. Lead generation websites exist to provide referrals to local businesses.

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

Within the site youd have links where people 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 pay 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 site. Note that you would have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website at the top of search engine pages would be vital for achievement.

Did you know you can sell your own products on Amazon and have them even ship the products for you I actually have a friend who has done very well with this 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. You will find websites which will pay you every time you shop at certain online retailers.

You simply download the sites browser extension and every time youre on an e-commerce site thats eligible for cash-back, youll get a notification. I use a free website named Ebates, which will pay you $10 just for signing up.

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With their double cash back specials, then you can double your passive income earnings in the event the ideal things go on the market.

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as normal, 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 store that offers products from certain manufacturers.

A person visits your site and requests a product, and then your system sends the purchase to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the customer.

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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 profits, and also the manufacturer stores and about his ships the products to the client. 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 terrific source of passive income. Heres how they operate: you produce a value-packed online course which will help solve a issue or fills a need.

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The class can include videos, e-books, and mails with pertinent information. Customers sign up to buy the program, and your system automatically mails them everything they need to access the materials.

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

Everyday regular people just like you and me are making money on YouTube. Every time someone watches one of your videos, advertisements can appear, and you can make money from these ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer base.

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It can take a great deal of time up front, but once your videos are live there is potential for you to make passive income from each movie indefinitely.

Granted you probably will not make a living from only a few videos. Be ready to create 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 right 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 feasible source of passive income.