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If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a site host a company that stores your site on servers so it can be seen 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 receive a commission at no additional cost to them. All they need to do is purchase a product or service.

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

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Therefore, lets say you produced a lead generation website that focuses on property. Youd utilize the site in order 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 some real estate professional in their region.

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 might also make money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website near the top of search engine pages will be vital for success.

Did you know 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 really well with this as he makes six figures per year selling his own products online.

You can earn even more money by signing up using a distinctive rewards shopping site. You will find 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 website thats eligible for cash-back, youll receive 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, you can double your passive income earnings if the right items go on the market.

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

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

A person visits your site 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 those cool things about this type of business is that you do NOT need to order inventory. The customer pays for the product; you collect the profits, and also the manufacturer shops and ships the goods 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 great source of passive income. Heres how they operate: you create a value-packed online course that helps resolve a issue or meets a need.

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

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

Regular regular people see this page just like you and me are making money on YouTube. Every time someone watches one of your movies, ads can look, and you can make money from those ads. The trick to becoming effective 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, however once your videos are dwell there's potential for you to make passive income from each video indefinitely.

Granted you probably will not make a living off of only a couple of videos. Be prepared to create over 100 videos if you truly want this to remove.

Owning a business can be a fantastic passive income resource. The key is in having the right people running the business for you. Whether it be via the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.