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In case you dont have a website, you can begin one for less than $3/month. Thats the cost 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 find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make passive income. This is because when people click on the affiliate links on your website, you are given a commission at no additional cost . All they need to do is buy a service or product.

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

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So, lets say you created a lead generation site that focuses on property. Youd use the site in order 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 some real estate professional in their region.

The real estate professional would cover 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 site. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site at the top of search engine pages would be vital for success.

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 earns six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping site. There are websites which will pay you each time you shop at certain online retailers.

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

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With their dual cash back specials, you can double your passive income earnings in the event the right items go on the market.

Again, your earning strategy 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 procedure.

With the explosion of eCommerce, drop shipping has become very popular.  Heres how it works: you make an online shop that offers products 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 the 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 profits, hop over to here and the manufacturer stores and ships the goods to the customer. Its as simple as that.

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

Online classes can be a terrific source of passive income. Heres how they operate: you produce a value-packed online course that helps resolve a problem or fills a need.

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

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

Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your movies, advertisements can appear, and you can make money from those ads. The trick to becoming effective with YouTube is building a large enough subscriber and audience base.

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It can take a lot of time up front, however once your videos are dwell there's potential for you to make passive income from each movie indefinitely.

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

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 via purchasing an existing business or opening a new business, your great business idea can be a feasible source of passive income.