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

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

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

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

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

Did you know that you can sell your own products on Amazon and have them even ship the products for you I actually 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 site. There are sites which will pay you each time you shop at certain online retailers.

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

Using their dual money back specials, then you can double your passive income earnings in the event the right 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 about your shopping as normal, and potentially earn a nice cash bonus in the process.

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With the explosion of eCommerce, drop shipping has become very common.  Heres how it works: you create an online shop that provides products from certain manufacturers.

A person visits your website and requests a product, and then your machine sends visit our website the order to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the client.

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

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If youre interested in starting a drop shipping business, consider using a platform such as Shopify to build your online shop.

Online courses can be a terrific source of passive income. Heres how they work: you create a value-packed online course that will help solve a problem or fills a need.

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

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

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

It can take lots of time up front, however once your videos have been dwell there is potential for you to create passive income from each video indefinitely.

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

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

Would you want some creative tiny businesses that you can start for under 100 bucks Then have a look at the $100 Startup by Chris Guillebeau. All of these are verified businesses that grew to over six figures each year. And they all began with very little money up front.

An effective vending machine business can be a great way to produce passive income. The secret is to find the right areas to install your vending machines. Check with smaller brick and mortar businesses. Contact people who have over 100 workers in the building on a daily basis, and see whether they need vending machines. .

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