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Advertising, affiliate marketing, products up its your decision! 11. Purchase a website thats making moneyIf youd would rather skip the startup phase, you might want to buy a blog thats already built and earning revenue. This is really fairly easy to accomplish as a lot of people start blogs, and then get bored with them.

Expect to see prices ranging from preceding $20,000 to more than $2 million. However, the majority of them have multiple revenue sources, so the advantage is youre taking over a website which will bring in cash from day one.Flippas inventory is not nearly as prestigious, but you might find some hidden jewels.

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Bidding starts as low as $1, and if you get lucky, you may end up with a pre-built site for less than $1,000! 12. Start a YouTube ChannelSo, the rules on making money with a YouTube channel changed in January 2018, but that remains an option. Youll only need to modify your strategy slightly.It used to be that nearly anyone could monetize their YouTube channels.

Ads) at the beginning of your content. When you get a certain number of views, you earn cash.There are hordes of people who create entire livings doing this. Folks filming makeup tutorials, travel guides, unboxing videos, anything you can think of, actually. Because YouTube is this a favorite platform, you will find more than enough eyeballs to entice an audience to even the most obscure niche.However, as of January, you must have at least 1,000 subscribers or 4,000 hours of watched content monthly in order to meet the requirements for this particular program.That means that the whopping 19 cents I was making on this movie went off overnight.Its not just the small guys like me that are being squeezed with the constant upgrades.

Its constantly changing and evolving, which means you must be willing to adapt. Additionally, it will help having a site so youre not relying on a single platform or your income.What I recommend is utilizing the affiliate plan I mentioned earlier. It functions much the exact same way that having affiliate links on your site does; you simply add them to your YouTube videos as well.So, which platform should you chooseTeachable and Udemy are just two of many, but these are the most prevalent, and theyre both intuitive and user-friendly.

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Instead you this website have to do all the marketing yourself. Udemy has a built-in foundation of students, however you dont need as much control and they require more of your revenue. CREATE COURSECreate a class free of: All you need is an email address to find started.Upload your content: Seamlessly upload movies, sound, presentations, pictures, and text.Make it your own: Customize your own school with your brand, colors, logos, etc.Launch: Attract students and sell your online courses14.

Also, can be hard to differentiate yourself.Dropship: when a customer orders from your site, the manufacturer ships.Pros: you dont need to handle physical inventory and also there is less work involved than the versions discussed aboveCons: margins arent good, you dont need control over quality, fulfillment, and the customer journey.Affiliate: kind of like a site, but has the appearance and texture of an e-commerce storePros: the smallest amount of work involved; you dont need to place any ordersCons: I think its kind of shady because people are shopping on your site but then being taken someplace else to make a buy.

He didnt store inventory, pay for goods up-front, or ship a single thing himself.How to establish your own online shop, incremental. The way to find amazing products that you can quickly import and begin selling instantly.15. Sell Your Photos OnlineEver wondered how you can get paid to take pictures As it turns out, its really pretty simple.One of the best sites to make money with your photos is Shutterstock.

As a result of its popularity and reduced barriers to entry, this site can function as a passive income source regardless of your experience level.Set up an account, upload your own images, and earn money every time a client downloads your photos. The amount you earn per download depends on the type of customer who purchases the picture.

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An investor by the name of Louis Glickman is credited with this quote: The best investment on earth is ground. And, clearly, you will find stats touting that 90% of all millionaires gained that status by owning actual estate.And while property is an excellent option, it will require a significant initial investment, therefore whether or not that passive income stream is right for you depends on your current financial situation.

I adore the thought of creating something, whether its a blog, a YouTube channel, a class or a store. And while its technically not passive in the beginning, it can be a life-changing experience and one which brings enormous wealth and satisfaction.Have you tried any of those passive income ideas Id like to hear about your experience in the comments below! .