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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 site 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 using Bluehost.

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

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

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So, lets say you created a lead generation website that focuses on real estate. Youd use the website to educate people about home ownership. Or, youd instruct them about real estate investing.

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

The actual 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 website. Note that you may need 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 vital to success.

Did you know you can sell your own products on Amazon and have them even send the goods 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 distinctive rewards shopping site. You will find websites which will pay you each time you shop at certain online retailers.

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

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Using their dual money back specials, you can double your passive income earnings if the ideal things go on the market.

Again, your earning plan goes out the window if you buy things you dont need simply to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become remarkably popular.  Heres how it works: you create an online shop that offers products from certain manufacturers.

A person visits your website and orders 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 customer.

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One of those cool things about this type of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect official website the profits, and also the manufacturer shops and ships the products to the client. Its as simple as that.

If youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online store.

Online classes can be a great source of passive income. Heres how they operate: you produce a value-packed online class 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. Customers sign up to buy 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 just created. A platform such as Teachable can perform all of the heavy lifting for you when creating your program.

Regular regular people just like you and me are making money on YouTube. Every time someone reaches one of your movies, ads can appear, and you can earn money from these ads. The trick to becoming effective with YouTube is building a large enough subscriber and viewer base.

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

Granted you will likely not make a living off of only a few videos. Be ready to create 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 right people running the business for you. Whether it be through purchasing an existing business or opening a new business, your good business idea can be a feasible source of passive income.