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

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

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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. Begin a YouTube ChannelSo, the principles on making money using a YouTube channel changed in January 2018, but this remains an option. Youll only need to modify your strategy slightly.It used to be that nearly anyone can monetize their YouTube channels.

Ads) at the start of your content. When you get a certain number of perspectives, you earn cash.There are hordes of people that make entire livings doing this. People filming cosmetics tutorials, travel guides, unboxing videos, anything you can think of, actually. Since YouTube is this a favorite platform, there are far more than enough eyeballs to attract 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 watched content monthly in order to qualify for this program.That means the whopping 19 cents I was making on this video went away overnight.Its not only the little guys like me that are being squeezed with the constant updates.

Its constantly changing and evolving, which means you must be willing to adapt. Plus, it helps having a blog so youre not relying on a single platform or your own income.What I recommend is utilizing the affiliate strategy I mentioned previously. It works much the exact same way that having affiliate links on your site does; you just add them into your YouTube videos as well.So, which stage should you chooseTeachable and Udemy are 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 of the marketing yourself. Udemy includes a built-in base of students, but you dont need as much control and they take more of your revenue. CREATE COURSECreate a class free of: All you need is an email address to get started.Upload your content: Seamlessly upload videos, audio, presentations, images, and text.Make it your own: Customize your own college with your brand, colours, logos, and etc.Launch: Attract students and sell your online courses14.

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

He didnt store inventory, cover for products up-front, or send a single thing himself.How to set up your own online shop, step-by-step. The way to find awesome products you can import and begin selling immediately.15. Sell Your Photos OnlineEver wondered how you can get paid to take pictures As it turns out, its actually pretty simple.One of the best sites to earn money with your photos is Shutterstock.

Due to its popularity and low barriers to entry, this site can work as a passive income source regardless of your experience level.Set up an account, upload your pictures, and earn money every time a client downloads your photographs. The amount you earn per download depends on the sort of client who buys the picture.

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An investor by the name of Louis Glickman is credited with this quotation: The best investment on earth is earth. And, clearly, there are 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, so whether or not that passive income stream is right for you depends on your current financial situation.

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