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In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a site host a company that stores your site on servers so that it can be viewed on the Internet. Click here to find special pricing of $2.95/month using Bluehost.
Affiliate marketing can be a terrific way to make passive income. That is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is purchase a product or service.
Another way to produce passive income is to create a lead generation website. Lead generation sites exist to provide warnings to local businesses.
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Therefore, lets say you created a lead generation website which focuses on real estate. Youd use the website to educate people about home ownership. Or, youd educate them about property investing.
The actual estate professional would pay you to the lead. Its a hot 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 have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site at the top of search engine pages will be vital to achievement.
Did you know that you can sell your own products on Amazon and have them even ship the goods for you I actually have a friend who's done very well with this as 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 website. You will find sites that will pay you each time you shop at certain online retailers.
You simply download the websites browser extension and every time youre on an e-commerce site thats qualified for cash-back, youll receive 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, then you can double your passive income earnings in the event the right items go on sale.
Again, your earning strategy goes out the window if you buy things you dont need simply 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 create an online store that offers products from certain manufacturers.
A person visits your site and orders a product, and then your system 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 kind of business is that you do NOT need to order inventory. The client pays for the product; you collect the profits, and also the manufacturer stores and ships the products to the client. Its as simple as that.
Online courses can be a terrific source of passive income. Heres how they work: you create a value-packed online class which helps solve a problem or fills a need.
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The course can include videos, e-books, and emails with pertinent information. Clients sign up to buy the course, and your system automatically mails them everything they need to access the materials.
You get money for the price of the course which you just created. A platform for example Teachable can perform all of the heavy lifting for you when creating your program.
Everyday regular people just like you and me are making money on YouTube. Each check time someone reaches one of your movies, advertisements can look, and you can earn 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 lot of time up front, but once your videos are live there is potential for one to make passive income from each video indefinitely.
Granted you probably will not make a living off of only a couple of videos. Be prepared 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 ideal people running the business for you. Whether it be through purchasing an existing business or opening a new business, your great business idea can be a viable source of passive income.