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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 site on servers so that it can be seen on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to make passive income. This is because when people click on the affiliate links on your website, you are given a commission at no additional cost to them. All they need to do is purchase a product or service.

Another way to make passive income is to make a lead generation website. Lead generation sites exist to provide referrals to local businesses.

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

Within the website youd have links in which individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

The actual estate professional would pay you to the lead. Its a warm lead and not a cold encounter, so professionals would be more willing to pay.

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You could also make money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) principles 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 products for you I actually 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 using a distinctive rewards shopping site. You will find sites which will pay visit here you every time you shop at certain online retailers.

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

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Using their double cash back specials, then you can double your passive income earnings if the wikipedia reference right things go on sale.

Again, your earning strategy goes out the window if you buy 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 very popular.  Heres how it works: you make an online shop that offers products 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 client.

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One of the cool things about this type of business is that you do NOT need to order inventory. The customer pays for the merchandise; you collect the gains, and also the manufacturer shops and ships the goods to the customer. 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 work: you create a value-packed online class that helps solve a issue or fills a need.

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The class 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 get money for the price of the course that you just created. A platform for example Teachable can do all of the heavy lifting for you when creating your program.

Everyday regular people like you and me are making money on YouTube. Every time someone link reaches one of your videos, ads can appear, and you can earn money from those 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 lot of time up front, but once your videos are live there's potential for you to create passive income from each movie indefinitely.

Granted you will likely not make a living off of just a couple of videos. Be prepared to create over 100 movies if you truly want this to take off.

Owning a business can be a good passive income source. 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.