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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 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. This is because when people click on the affiliate links on your website, you receive a commission at no additional cost to them. All they have to do is buy a product or service.

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

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Therefore, lets say you produced a lead generation site which focuses on property. Youd use the website in order to educate people about home ownership. Or, youd instruct them about property investing.

Within the website youd have links in which people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

The actual estate professional would pay you for 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 may have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your website near the top of search engine pages would be critical to achievement.

Did you know that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who's done really 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 sites that will pay you each time you shop at certain online retailers.

You simply 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 cover you $10 just for signing up.

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Using their dual 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 buy things you dont need view publisher site 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 common.  Heres how it works: you make an online shop that provides goods from certain manufacturers.

A person visits your website 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 order inventory. The customer pays for the product; you collect the profits, and also the manufacturer stores and ships the goods to the client. Its as simple 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 terrific source of passive income. Heres how they operate: you create a value-packed online course which 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 purchase the program, and your system automatically emails them everything they need to get 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 movies, advertisements can look, and you can make money from these ads. The key to becoming effective 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 are dwell there is potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living from just a few videos. Be prepared to make over 100 movies if you really 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 through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.