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In case you dont have a web site, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so that it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to make 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 product or service.

Another way to produce passive income is to create a lead generation site. Lead generation websites exist to provide warnings to local businesses.

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Therefore, lets say you produced a lead generation site 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 website youd have links where people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

The actual 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 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 website successful. Getting your website at the top of search engine pages will be vital to success.

Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who has done very well with this 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 site. There are sites that will pay you each time you shop at certain online retailers.

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

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

Again, your earning strategy 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 process.

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

A person visits your site and requests a product, and then your machine sends the order to the particular manufacturer. The manufacturer then completes the order by shipping it directly to the client.

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

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

Online classes can be a terrific source of passive income. Heres how they work: you create a value-packed online class which helps solve a problem or meets a need.

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The course 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 such as Teachable can perform 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 movies, advertisements can look, and you can earn money from these ads. The key 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, but once your videos are live there is potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living off of just a couple of videos. Be ready to make over 100 videos if you really want this to take off.

Owning a business can be a fantastic passive income resource. The trick 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 viable source of passive income.