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

Affiliate marketing can be a great way to produce passive income. This is because when people click on the affiliate links on your website, you receive 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 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 website that focuses on property. Youd utilize the site to educate people about home ownership. Or, youd educate them about real estate investing.

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Within the website youd have links in which individuals 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 for the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.

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

Did you know you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who's done very 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 distinctive rewards shopping site. There are websites that will pay you each time you shop at certain online retailers.

You just download the websites browser extension and each time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site named Ebates, which will cover 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 ideal things go on sale.

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 usual, 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 make an online store that provides goods from certain manufacturers.

A person visits your site and orders a product, and then your machine 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 type of business is that view it now you do NOT need to order inventory. The customer pays for the product; you collect the gains, and the manufacturer stores and ships the goods to the customer. Its as simple as that.

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

Online courses can be a great source of passive income. Heres how they work: you produce a value-packed online class that helps solve a issue or meets a need.

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

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

Everyday regular people just like you and me are making money on YouTube. Every time someone reaches one of your movies, ads can look, and you can earn money from these ads. The key to becoming effective with YouTube is building a big enough subscriber and audience base.

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It can take a lot of time up front, however 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 few videos. Be prepared to create over 100 movies if you truly want this to take off.

Owning a business can be a fantastic passive income resource. The key is in having the ideal 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 official source income.

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