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In case you dont have a website, you can begin one for less than $3/month. Thats the cost for getting a site host a company that stores your website on servers so that 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 produce passive income. This is because when people click on the affiliate links on your website, you are given a commission at no additional cost to them. All they have to do is purchase a product or service.

Another way to produce passive income is to make a lead generation website. Lead generation sites exist to provide referrals to local businesses.

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

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

The real estate professional would cover you for 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 make money by having advertisers on your website. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website near the top of search engine pages would be vital to achievement.

Did you know 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 as he makes six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping website. There are websites which will pay you each time you shop at certain online retailers.

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

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With their dual money back specials, then you can double your passive income earnings in the event the ideal things go on sale.

Again, your earning plan goes out the window if you buy things you dont need just to earn rewards. Just go about your shopping as usual, 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 shop that offers goods from certain manufacturers.

A person visits your website and orders a product, and then your system sends the order to the specific manufacturer. The like this 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 you do NOT need to order inventory. The customer pays for the product; you collect the gains, 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 such as Shopify to build your online store.

Online classes can be a terrific source of passive income. Heres how they work: you produce a value-packed online class which will help resolve a problem or fills a need.

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

You get money for the purchase price of the course which you just 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. Every time someone reaches one of your videos, ads can look, and you can earn money from these ads. The key to becoming effective with YouTube is building a large 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's potential for you to create passive income from each video indefinitely.

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

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