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In case you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your site 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 people click on the affiliate links on your website, you are given a commission at no additional cost . All they have to do is purchase a service or product.
Another way to make passive income is to create a lead generation site. Lead generation sites exist to give warnings to local businesses.
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Therefore, lets say you created a lead generation site which focuses on property. Youd utilize the site to educate people about home ownership. Or, youd educate them about real estate investing.
The actual estate professional would pay you to the lead. Its a warm 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 may have to understand SEO (Search Engine Optimization) principles in order to make the website successful. Getting your site at 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 really have a friend who has 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 distinctive rewards shopping site. You will find sites which will pay you each time you shop at certain online retailers.
You just download the sites browser extension and every 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 pay you $10 just for signing up.
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Using their dual cash back specials, you can double your passive income earnings if the right things go on sale.
Again, your earning strategy 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 remarkably popular. Heres how it works: you make an online shop that offers products from certain manufacturers.
A person visits your website 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 client.
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One of those cool things about this kind of business is that you do NOT need to purchase inventory. The client pays for the product; you collect the gains, and the manufacturer stores and ships the products to the client. Its as straightforward as that.
Online courses can be a great source of passive income. Heres how they operate: you create a value-packed online class which helps resolve a problem or meets a need.
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The course can include videos, e-books, and mails with pertinent information. Customers sign up to purchase the course, and your system automatically emails 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 program.
Regular regular people like you and me are making money on YouTube. Every time someone watches one of your movies, ads can look, and you can make money from those ads. The trick to becoming effective with YouTube is building a big enough subscriber and viewer base.
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It can take a lot of time up front, but once your videos are live there is potential for you to make passive income from each video indefinitely.
Granted you probably will not make a living from only a couple of videos. Be ready to make over 100 movies if you really want this to take off.
Owning a business can be a good passive income resource. The key is in having the right people running the business for you. Whether it be my response through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.