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In case 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 website 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 great way to make passive income. This is because when folks click on the affiliate links on your site, you are given a commission at no additional cost to them. All they have to do is buy a product or service.

Another way to produce passive income is to make 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 site which focuses on real estate. Youd use the site to educate individuals 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 area.

The real 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 could 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 site successful. Getting your site at the top of search engine pages would be critical for achievement.

Did you know you can sell your own products on Amazon and have them even send 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 special rewards shopping website. There are websites that will pay you every time you shop at certain online retailers.

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

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With their dual money back specials, then you can double your passive income earnings in the event the ideal items go on sale.

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

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

A person visits your website and requests a product, and then your system sends the order to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the customer.

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One of the cool things about this kind of business is that you do NOT need to order inventory. The client pays for the merchandise; you collect the profits, and also the manufacturer stores and ships the goods to the client. Its as simple 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 work: you produce a value-packed online course which will help solve a issue or fills a need.

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

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

Regular regular people just like you and me are making money on YouTube. Each time someone reaches one of your videos, ads can appear, and you can earn money from those ads. The trick to becoming successful with YouTube is building a large enough subscriber and audience base.

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

Granted you probably will not make a living from 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 fantastic passive income source. The trick is in having the right people running the business for you. Whether it be via purchasing an existing business or opening a new business, your good business idea can be a viable source of passive income.