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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 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. That is because when folks click on the affiliate links on your website, you are given a commission at no additional cost . All they need to do is purchase a service or product.

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 property. Youd use the site in order to educate people about home ownership. Or, youd instruct them about property investing.

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Within the website 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 cover 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 earn money by having advertisers on your site. Note that you would need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website at the top of search engine pages would be vital to achievement.

Did you know that you can sell your own products on Amazon and have them even send the products 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 with a special rewards shopping site. There are websites that will pay you every time you shop at certain online retailers.

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

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Using their double cash back specials, you can double your passive income earnings if the ideal things 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 remarkably common.  Heres how it works: you create an online shop that provides goods from certain manufacturers.

A person visits your website and requests 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 those 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 also the manufacturer stores and ships the products to the client. Its as simple as that.

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

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

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

You get money for the purchase price of the course that you created. A platform for example Teachable can do all the heavy lifting for you when creating your course.

Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your movies, ads can appear, and you can make money from these ads. The trick to becoming effective with YouTube is building a large enough subscriber and viewer base.

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It can take a great deal of time up front, however once your videos are live there's potential for you to make passive income from each movie indefinitely.

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

Owning a business can be a fantastic passive income source. The key is in having the ideal people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.

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