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Ads, online affiliate marketing, products up its your decision! 11. Buy a website thats making moneyIf youd would rather bypass the startup phase, you may want to purchase a blog thats already built and earning revenue. This is actually pretty easy to accomplish as a great deal of individuals start sites, and then get bored together.

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

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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 with a YouTube channel changed in January 2018, but this is still an option. Youll just need to adjust your strategy slightly.It used to be that almost anyone could 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 that make entire livings doing so. Folks filming cosmetics tutorials, travel guides, unboxing videos, anything you can think about, actually. Since YouTube is this a favorite platform, you will find far more than enough eyeballs to attract an audience to even the most obscure niche.However, as of January, you must have at least 1,000 subscribers or 4,000 hours of watched content monthly in order to meet the requirements for this particular program.That means the whopping 19 cents I had been making on this movie went off overnight.Its not just the little guys like me who are being squeezed by the constant upgrades.

Its constantly changing and evolving, which means you must be willing to adapt. Plus, it will help having a site so youre not relying on a single platform or your income.What I recommend is utilizing the affiliate strategy I mentioned previously. It works much the exact same manner 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 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, but you dont have as much control and they require more of your revenue. CREATE COURSECreate a course 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 school with your brand, colors, logos, etc.Launch: Attract students and sell your click now online courses14.

Also, can be hard to differentiate yourself.Dropship: when a customer orders from your site, the manufacturer ships.Pros: you dont need to handle physical inventory and also there is less work involved than the versions discussed aboveCons: margins arent good, you dont have control over quality, fulfillment, and 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 have 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 shop inventory, pay for products up-front, or ship a single thing himself.How to set up your own online shop, incremental. The way to find amazing products you can quickly 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 best sites to make money with your photos is Shutterstock.

As a result of its popularity and reduced barriers to entry, this website 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 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, you will find stats touting that 90 percent of millionaires gained that status by owning actual estate.And while property 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 adore the thought of creating something, if its a website, a YouTube channel, a course or a shop. And while its technically not passive in the beginning, it can be a life-changing experience and one which brings enormous riches and satisfaction.Have you tried any of those passive income thoughts Id like to hear about your experience in the comments below! .