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In case you dont have a website, you can start one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your website on servers so it can be viewed 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. This 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 produce passive income is to create a lead generation site. Lead generation sites exist to provide referrals to local businesses.

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

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Within the website youd have links in which people 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 for the lead. Its a hot lead and not a cold lead, 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 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 will be critical for achievement.

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

You can earn even more money by signing up with a special rewards shopping website. There are websites that will pay you every time you shop at certain online retailers.

You simply download the sites browser extension and every 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 pay you $10 just for signing up.

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Using their dual money back specials, then you can double your passive income earnings in the visit site event the right things go on sale.

Again, your earning plan goes out the window if you purchase things you dont need just 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 remarkably popular.  Heres how it works: you create an online store that provides products from certain manufacturers.

A person visits your site 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 kind of business is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and the manufacturer shops and ships the goods to the client. Its as straightforward as that.

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In case youre interested dig this 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 problem or meets a need.

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The course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the course, and your system automatically mails them everything they need to get the materials.

You get money for the 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.

Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your videos, ads can appear, and you can earn 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, but once your videos are dwell there is potential for you to make passive income from each video 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 trick is in having the right people running useful content 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 viable source of passive income.

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