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In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website host a company that stores your site on servers so it can be seen on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they have to do is purchase a service or product.

Another way to produce passive income is to make a lead generation site. Lead generation websites exist to give warnings 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 in order to educate individuals about home ownership. Or, youd educate them about real estate investing.

Within the website youd have links in which individuals 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 cover you to the lead. Its a hot lead and not a cold encounter, 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) rules in order to make the website successful. Getting your site near the top of search engine pages would be critical for success.

Did you know that you can sell your own products on Amazon and have them even ship the goods for you I actually have a friend who has done really well with this as he makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping website. You will find sites which will pay you every time you shop at certain online retailers.

You just download the websites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll receive a notification. useful content I use a free website called Ebates, which will pay you $10 just for signing up.

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

Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as normal, 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 create an online shop that provides goods from certain manufacturers.

A person visits your site and orders a product, and then your machine sends the order 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 type of business is that you do NOT need to order inventory. The client pays for the merchandise; you collect the profits, 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 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 course can include videos, e-books, and emails with pertinent information. Customers sign up to buy the program, and your system automatically emails them everything they need to get the materials.

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

Regular regular people like you and me are making money on YouTube. Each time someone reaches one of your movies, ads can appear, and you can make money from these ads. The key to becoming successful with YouTube is building a big enough subscriber and viewer base.

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

Granted you probably will not make a living from only a few videos. Be ready to create over 100 videos 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 feasible source of passive income.