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If 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 with Bluehost.

Affiliate marketing can be a terrific way to make passive income. That is because when folks 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 buy a product or service.

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

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So, 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 educate them about property 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 actual estate professional would pay you for the lead. Its a warm 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 site. Note that you may need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website near 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 goods for you I really have a friend who's 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 using a special rewards shopping website. You will find websites which will pay you every time you shop at certain online retailers.

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

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Using their double money back specials, you can double your passive income earnings in the event the ideal things go on the market.

Again, your earning plan goes out the window if you buy 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 popular.  Heres how it works: you make an online store that offers products from certain manufacturers.

A person visits your site 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 client pays for the merchandise; you collect the gains, and the manufacturer shops and ships the products to the client. Its as simple as that.

If youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online shop.

Online courses can be a great source of passive income. Heres how they work: you create a value-packed online class which will help resolve a problem or meets a need.

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

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

Regular regular people like you and me are making money on YouTube. Every time someone watches one of your videos, advertisements can appear, 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 have been live there's potential for one to create passive income from each movie indefinitely.

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

Owning a business can be a good passive income resource. The key 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 he has a good point be a viable source of passive income.