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If you dont have a web site, 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 viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when folks 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 create a lead generation site. Lead generation sites exist to provide warnings to local businesses.

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Therefore, lets say you produced a lead generation site that focuses on property. Youd utilize the website to educate individuals about home ownership. Or, youd educate them about property investing.

Within the website 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 area.

The real estate professional would cover you to the lead. Its a hot 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 site. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website at the top of search engine pages would be vital for success.

Did you know 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 earns six figures per year selling his own products online.

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

You just visit the website download the sites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll receive a notification. I use a free site 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 he said passive income earnings if the ideal things go on the market.

Again, your earning strategy goes out the window if you purchase things you dont need just to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the process.

With the explosion of eCommerce, drop shipping has become remarkably common.  Heres how it works: you create an online store that provides goods from certain manufacturers.

A person visits your website and requests a product, and then your system sends the purchase to the specific 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 purchase inventory. The customer pays for the merchandise; you collect the profits, and the manufacturer stores and ships the products to the client. Its as straightforward as that.

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

Online courses can be a terrific source of passive income. Heres how they operate: you create a value-packed online class that will help solve a problem or meets a need.

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

You get money for the purchase price of the course which you just created. A platform for example Teachable can do all of the heavy lifting for you when creating your course.

Everyday regular people just this content like you and me are making money on YouTube. Every time someone watches one of your movies, ads can appear, and you can make money from those ads. The key to becoming successful with YouTube is building a large enough subscriber and audience 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 only a few videos. Be prepared to make over 100 videos if you really want this to take off.

Owning a business can be a fantastic 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 feasible source of passive income.