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Ads, online affiliate marketing, products its up to you! 11. Buy a website thats already making moneyIf youd prefer to skip the startup phase, you might want to buy a blog thats already built and earning revenue. This is actually fairly simple to do because a lot of individuals start blogs, and then get bored together.

Expect to see prices ranging from above $20,000 to over $2 million. But 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, you may end up getting a pre-built site for less than $1,000! 12. Start a YouTube ChannelSo, the rules on making money using a YouTube channel changed in January 2018, but this is still an option. Youll only need to modify your strategy slightly.It was that almost anyone can monetize their YouTube channels.

Advertisements ) at the beginning of your content. When you receive a certain number of perspectives, you earn cash.There are hordes of people who create entire livings doing this. Folks filming cosmetics 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 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 particular program.That means that the whopping 19 cents I had been making on this video went off overnight.Its not just the small guys like me who are being squeezed with the constant updates.

Its constantly changing and evolving, which means you ought to 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 plan I mentioned earlier. It works much the exact same way that having affiliate links on your blog does; you simply add them to your YouTube videos as well.So, which platform 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 need to do all of the marketing yourself. Udemy includes a built-in base of students, however you dont have 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, sound, presentations, pictures, and text.Make it your own: Customize your own college with your brand, colors, logos, etc.Launch: Attract students and market your online courses14.

Additionally, 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 also the client 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 put any ordersCons: I think its kind of unethical 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 establish your own online shop, incremental. The way to find awesome products 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 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 link 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 customer downloads your photos. The amount you earn per download depends on the sort of customer who purchases the picture.

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An investor by the name of Louis Glickman is credited with this quotation: redirected here The best investment on earth is ground. And, of course, you will find stats touting that 90% of millionaires gained that status by owning actual estate.And while real estate is an excellent option, it will require a significant initial investment, so whether or not this passive income flow 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 course 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 attempted any of these passive income thoughts Id love to hear about your experience in the comments below! .