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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 host a company that stores your site 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. This is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they have to do is buy a service or product.

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

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Therefore, lets say you created a lead generation website which focuses on property. Youd utilize the site to educate individuals about home ownership. Or, youd educate them about property investing.

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

The real estate professional would cover you to the lead. Its a hot lead and not a cold lead, so professionals would be more willing to pay.

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

Did you know that you can sell your own products on Amazon and have them even ship the products for you I really have a friend who has done really well with this 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. There are websites which will pay you every time you shop at certain online retailers.

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

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With their dual cash back specials, you can double your passive income earnings if the ideal items go on sale.

Again, your earning plan 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 store that provides products from certain manufacturers.

A person visits your site and orders a product, and then your machine sends the order to the particular manufacturer. The manufacturer then completes the order by shipping it directly to the client.

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One of those cool things about this type of business is that you do NOT need to purchase inventory. The client pays for the read this product; you collect the profits, and the manufacturer stores and ships the products to the customer. Its as straightforward as that.

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

Online courses can be a terrific source of passive income. Heres how they operate: you create a value-packed online course that helps solve a issue or fills a need.

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

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

Everyday regular people like you and me are making money on YouTube. Each time someone watches one of your videos, ads can look, and you can earn money from these ads. The trick 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, but once your videos have been live there is potential for you to make passive income from each movie indefinitely.

Granted you will likely not make a living off of just a few videos. Be ready to make over 100 videos if you truly want this to take off.

Owning a business can be a good passive income resource. The trick 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 good business idea can be a feasible source of passive income.