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

Expect to see prices ranging from preceding $20,000 to over $2 million. However, the majority of them have multiple revenue sources, or so the advantage is youre taking over a site that will bring in money 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, then you may end up with a pre-built blog for less than $1,000! 12. Begin a YouTube ChannelSo, the rules on making money using a YouTube channel changed in January 2018, but that is still an option. Youll only need to modify your strategy slightly.It used to be that almost anyone can monetize their YouTube channels.

Ads) at the start of your content. When you get a certain number of views, you earn cash.There are hordes of people who create entire livings doing so. People filming cosmetics tutorials, travel guides, unboxing videos, anything you can think of, really. Because YouTube is this a favorite platform, you will find far more than enough eyeballs to attract an audience to even the most vague niche.However, as of January, you should have at least 1,000 subscribers or 4,000 hours of saw content monthly in order to meet the requirements for this particular program.That means the whopping 19 cents I had been making on this video went away 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. Additionally, it will help having a blog so youre not relying on a single stage or your own income.What I recommend is utilizing the affiliate strategy I mentioned earlier. It functions much the exact same way that having affiliate links on your blog 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 need to do all the marketing yourself. Udemy includes a built-in foundation of students, but you dont have 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, audio, 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.

Additionally, can be hard to differentiate yourself.Dropship: when a customer orders from your site, the other manufacturer ships.Pros: you dont need to handle physical inventory useful content and there is less work involved than the versions discussed aboveCons: margins arent good, you dont need control over quality, fulfillment, and also the client journey.Affiliate: kind of like a site, but has the look 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 somewhere else to make a buy.

He didnt store inventory, pay for goods up-front, or send a single thing himself.How to set up your own online check this store, incremental. The way to find awesome products that you can import and begin selling instantly.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 up an account, upload your pictures, and earn money whenever a customer downloads your photos. 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 is credited with this quote: The best investment on earth is earth. And, clearly, there are stats touting that 90% of all millionaires gained that status by owning real estate.And while property is an excellent option, it will require a significant initial investment, so whether or not that passive income stream is ideal for you depends on your current financial situation.

I love the thought of creating something, whether its a website, 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 that brings enormous wealth and satisfaction.Have you tried any of these passive income thoughts Id like to hear about your experience in the comments below! .