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If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a site host a company that stores your website on servers so it can be viewed on the Internet.  Click here to get special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a great way to make passive income. That is because when folks click on the affiliate links on your website, you are given a commission at no additional cost . All they have 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 give referrals to local businesses.
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So, lets say you created a lead generation website which focuses on real estate. Youd use the website to educate individuals 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 actual estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals would be 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 site successful. Getting your site near the top of search engine pages will be critical for success.
Did you know you can sell your own products on Amazon and have them even send the products for you I actually 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 with a special 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 every time youre on an e-commerce site thats eligible for cash-back, youll receive a notification. I use a free website called Ebates, which will cover you $10 just for signing up.
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With their double money back specials, then you can double your passive income earnings if the ideal things go on sale.
Again, your earning plan goes out the window if you purchase things you dont need simply 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 remarkably common. Heres how it works: you create an online shop that provides goods 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 client.
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One of those cool things about this type of business is that you do NOT need to order inventory. The customer pays for the product; you collect the gains, 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 such as Shopify to build your online store.
Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online class that helps resolve a issue or fills a need.
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The class can include videos, e-books, and emails with pertinent information. Clients sign up to purchase the course, and your system automatically mails them everything they need to access the materials.
You receive money for the purchase price of the course which you created. A platform for example Teachable can perform all of the heavy lifting for you when creating your course.
Everyday regular people just like you and me are making money on YouTube. Each time someone reaches one of your videos, advertisements can appear, and you can earn money from those ads. The trick to becoming successful with YouTube is building a big 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 live there is potential for one to make passive income from each video indefinitely.
Granted you probably will not make a living off of just a couple of videos. Be ready to create link over 100 movies if you truly want this to take off.
Owning a business can be a good passive income source. The key is in having the ideal 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.