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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 website host a company that stores your site on servers so it can be seen on the Internet.   Click here to find special pricing of $2.95/month with 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 receive a commission at no additional cost . All they have to do is buy a service or product.

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

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So, lets say you created a lead generation site that focuses on property. Youd use the site to educate people about home ownership. Or, youd instruct them about property investing.

Within the website 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 actual estate professional would cover you to the lead. Its a hot lead and not a cold lead, so professionals are more willing to pay.

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You might 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 site successful. Getting your website near the top of search engine pages will be vital to achievement.

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 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 website. There are websites that 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 qualified 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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With their dual money back specials, you can double your passive income earnings in the event the right items go on sale.

Again, your earning plan goes out the window if you purchase things you dont need just to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the procedure.

With the explosion of eCommerce, drop shipping has become very popular.  Heres how it works: you make an online store that offers goods from certain manufacturers.

A person visits your site and orders a product, and then your machine sends the purchase 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 kind of business is that you do NOT need link to purchase inventory. The client pays for the product; you collect the profits, and the manufacturer shops and ships the products to the customer. Its as simple as that.

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

Online classes can be a terrific source of passive income. Heres how they operate: you create a value-packed online course that will help solve a issue or meets 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 mails them everything they need to access the materials.

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

Everyday regular people just like you and me are making money on YouTube. Each time someone watches one of your videos, ads can appear, and you can make money from these 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 have been dwell there's potential for you to create passive income from each video indefinitely.

Granted you will likely not make a living from just a few videos. Be prepared my link to create over 100 videos if you really want this to remove.

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