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If you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your site on servers so it can be seen on the Internet.   Click here to get special pricing of $2.95/month with Bluehost.

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

Another way to produce passive income is to create a lead generation website. Lead generation sites exist to give warnings to local businesses.

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So, lets say you produced a lead generation website that focuses on real estate. Youd utilize the website in order to educate people about home ownership. Or, youd educate them about real estate investing.

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

The real estate professional would cover you to the lead. Its a hot lead and not a cold encounter, so professionals are 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 site successful. Getting your website at the top of search engine pages will be critical for success.

Did you know that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who has done very 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 special rewards shopping site. There are sites that will pay you every time you shop at certain online retailers.

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

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Using their double money back specials, 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 on your shopping as usual, and potentially earn a nice cash bonus in the process.

With the explosion of eCommerce, drop shipping has become very popular.  Heres how it works: you make an online store that provides products from certain manufacturers.

A person visits your website and requests a product, and then your system sends the purchase 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 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 products to the client. Its as straightforward as that.

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

Online courses can be a terrific source of passive income. Heres how they operate: you produce a value-packed online course which helps solve a issue or fills a need.

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The class 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 access the materials.

You receive money for the purchase price of the course that you created. A platform for example Teachable can perform all of 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, ads can look, and you can earn money from those 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 lot of time up front, but once your videos are live there's potential for you to make passive income from each movie indefinitely.

Granted you will likely not make a living from just a few videos. Be ready to make over 100 movies if you really want this to remove.

Owning a business can be a good passive income resource. The key is in having the ideal people running the business for you. Whether it be through purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.