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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 website host a company that stores your website on servers so that it can be seen on the Internet.   Click here to get special pricing of $2.95/month with 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 service or product.

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

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So, lets say you produced a lead generation site that focuses on real estate. Youd utilize the website to educate people 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 a real estate professional in their area.

The actual estate professional would pay you for the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

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You might 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 will be vital to achievement.

Did you know that 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 earns six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping site. You will find websites that will pay you each time you shop at certain online retailers.

You just download the websites 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 pay you $10 just for signing up.

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Using their double cash back specials, then you can double your passive income earnings in the event the ideal items go on sale.

Again, your earning plan 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 make an online store that offers products from certain manufacturers.

A person visits your website and requests a product, and then your system 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 merchandise; you collect the profits, and the manufacturer stores and ships the goods to the client. Its as straightforward as that.

If youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online shop.

Online courses can be a great source of passive income. Heres how they operate: you create a value-packed online course which will help resolve 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 course, and your system automatically emails them everything they need to access the materials.

You receive money for the price of the course that you created. A platform such as Teachable can perform all the heavy lifting for you when creating your course.

Everyday regular people just like you and why not try this out me are making money on YouTube. Every time someone watches one of your videos, ads can look, and you can earn money from those ads. The key to becoming successful with YouTube is building a large enough subscriber and audience base.

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It can take a great deal of time up front, however once your videos have been dwell there is potential for one to make passive income from each video indefinitely.

Granted you probably will not make a living off of only a few videos. Be ready to create over 100 movies if you really want this to remove.

Owning a business can be a fantastic passive income source. The key is in having the right people running the business for you. Whether it be via purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.