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Advertising, online affiliate marketing, products its up to you! 11. Purchase a website thats already making moneyIf youd prefer to skip the startup phase, you may want to purchase a blog thats built and earning revenue. This is actually pretty easy to do as a great deal of individuals start blogs, and then get bored together.

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

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Bidding starts as low as $1, and if you get lucky, then you might end up with a pre-built site for less than $1,000! 12. Begin a YouTube ChannelSo, the principles on making money using a YouTube channel changed in January 2018, but this remains an option. Youll just need to adjust your plan slightly.It used to be that almost anyone can monetize their YouTube channels.

Ads) in the beginning of your content. When you get a certain number of views, you earn cash.There are hordes of people that create entire livings doing this. Folks filming cosmetics tutorials, travel guides, unboxing videos, anything you can think of, really. Since YouTube is this a popular platform, you will find far more than enough eyeballs to entice an audience to even the most obscure niche.However, as of January, you should have at least 1,000 subscribers or 4,000 hours of saw content monthly in order to qualify for this particular program.That means that the whopping 19 cents I was making on this video went off overnight.Its not just the little guys like me that are being squeezed by the constant updates.

Its constantly changing and evolving, so you must be willing to adapt. Plus, it will help having a site so youre not relying on a single stage or your income.What I recommend is utilizing the affiliate strategy I mentioned earlier. It functions much the exact same manner that having affiliate links on your site does; you just add them to your YouTube videos as well.So, which platform if 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 have to do all the marketing yourself. Udemy includes a built-in base of students, however you dont need as much control and they you can find out more take more of your revenue. CREATE COURSECreate a class for free: All you need is an email address to get started.Upload your content: Seamlessly upload movies, audio, presentations, images, and text.Make it your own: Customize your college with your brand, colors, logos, and 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 have to handle physical inventory and there is less work involved than the versions discussed aboveCons: margins arent good, you dont have control over quality, fulfillment, and also the client journey.Affiliate: kind of like a site, but has the look and feel of an e-commerce storePros: the least amount of work involved; you dont have to put any ordersCons: I think its kind of shady because people are shopping on your site but then being taken someplace else to make a purchase.

He didnt shop inventory, pay for goods up-front, or ship a single thing himself.How to establish your own online store, step-by-step. How to find awesome products that you can import and begin selling immediately.15. Sell Your Pictures 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 irrespective of your experience level.Set an account, upload your own images, and earn money whenever a customer downloads your photographs. The amount you earn per download depends on the sort of client who purchases the picture.

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An investor by the name of Louis Glickman over here is credited with this quotation: The best investment on earth is ground. And, clearly, there are stats touting that 90 percent of millionaires gained that status by owning actual estate.And while real estate is an excellent option, it will take a significant initial investment, so whether or not that passive income stream is right for you depends on your current financial situation.

I love the idea of creating something, if its a blog, a YouTube channel, a course or a shop. And while its technically not inactive in the beginning, it can be a life-changing experience and one which brings enormous wealth and satisfaction.Have you Discover More tried any of these passive income thoughts Id like to hear about your experience in the comments below! .