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In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your website on servers so it can be viewed 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 buy 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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So, lets say you created a lead generation website that focuses on real estate. Youd use the website to educate people about home ownership. Or, youd instruct them about property investing.

Within the site youd have links in which people 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 pay you for the lead. Its a warm lead and not a cold encounter, so professionals are more willing to pay.

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

Did you know that you can sell your own products on Amazon and have them even send the goods for you I actually have a friend who's 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 distinctive rewards shopping website. There are sites which will pay you every time you shop at certain online retailers.

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 website called Ebates, which will pay you $10 just for signing up.

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Using their dual cash back specials, then you can double your passive income earnings if the right items go on the market.

Again, your earning plan goes out the window if you buy things you dont need simply 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 make an online store that provides products from certain manufacturers.

A person visits your site and requests 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 type of business is that you do NOT need to order inventory. The client pays for the merchandise; you collect the profits, and the manufacturer shops and ships the products to the client. Its as simple as that.

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 great source of passive income. Heres how they operate: you produce a value-packed online class that helps solve a issue or meets a need.

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

You get money for the purchase price of the course which you 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. Every time someone watches one of your videos, advertisements can appear, and you can make money from those ads. The trick to becoming successful 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 have been dwell there's potential for you to create passive income from each movie indefinitely.

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

Owning a business can be a good passive income source. The key is read 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 be a feasible source of passive income.