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Advertising, affiliate marketing, products its your decision! 11. Buy a website thats making moneyIf youd prefer to bypass the startup period, you might want to purchase a blog thats built and earning revenue. This is really fairly simple to accomplish because a great deal of individuals start blogs, and then get bored with them.

Expect to see prices ranging from preceding $20,000 to over $2 million. However, most of them have multiple revenue sources, so the advantage is youre taking within 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 blog for less than $1,000! 12. Start 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 plan slightly.It used to be that almost anyone can monetize their YouTube channels.

Advertisements ) at the start of your content. When you receive a certain number of views, you earn cash.There are hordes of people that create entire livings doing so. People filming cosmetics tutorials, travel guides, unboxing videos, anything you can think about, really. Because YouTube is such a popular platform, you will find more than enough eyeballs to entice an audience to even the most vague niche.However, as of January, you must have at least 1,000 subscribers or 4,000 hours of watched content monthly in order to qualify for this program.That means that the whopping 19 cents I was making on this video went away overnight.Its not only the little guys like me who are being squeezed with the constant upgrades.

Its constantly changing and evolving, so you ought to be willing to adapt. Plus, it helps having a blog so youre not relying on a single platform or your income.What I recommend is utilizing the affiliate plan I mentioned previously. It works much the same manner that having affiliate links on your that site blog does; you simply add them into 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 have to do all the marketing yourself. Udemy has a built-in foundation of students, however you dont have as much control and they take more of your revenue. CREATE COURSECreate a class free of: All my company you need is an email address to get started.Upload your content: Seamlessly upload videos, sound, presentations, images, 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 have to handle physical inventory and there is less work involved than the models discussed aboveCons: margins arent good, you dont have control on quality, fulfillment, and the customer journey.Affiliate: kind of like a blog, but has the look and feel of an e-commerce storePros: the least 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 someplace else to make a purchase.

He didnt store inventory, cover for products up-front, or send a single thing himself.How to set up your own online shop, incremental. The way to find amazing 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 actually pretty simple.One of the top sites to earn money with your photos is Shutterstock.

As a result of its popularity and low barriers to entry, this site can work as a passive income source irrespective of your experience level.Set an account, upload your pictures, and earn money whenever a client downloads your photos. The amount you earn per download depends on the type of customer who purchases the image.

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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, of course, there are stats touting that 90 percent of all millionaires gained that status by owning real estate.And while property is an excellent option, it does 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 idea of creating something, if its a website, a YouTube channel, a course or a store. And while its technically not inactive in the beginning, it can be a life-changing experience and one which brings enormous riches and satisfaction.Have you attempted any of those passive income ideas Id like to hear about your experience in the comments below! .