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Advertising, affiliate marketing, products its your decision! 11. Purchase a website thats making moneyIf youd prefer to skip the startup period, you may want to buy a blog thats already built and earning revenue. This is really fairly easy to accomplish because a lot of people start sites, and then get bored together.

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 money 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 might end up getting 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 remains an option. Youll only need to adjust your strategy slightly.It was that nearly anyone could monetize their YouTube channels.

Advertisements ) at the beginning of your content. When you get a certain number of views, you earn cash.There are hordes of people that create entire livings doing so. Folks filming makeup tutorials, travel guides, unboxing videos, anything you can think about, actually. Because YouTube is such a favorite platform, there are far 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 particular program.That means that the whopping 19 cents I was making on this movie went off overnight.Its not only the little guys like me who are being squeezed with the constant updates.

Its constantly changing and evolving, so you ought to 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 plan I mentioned previously. It functions much the same manner that having affiliate links on your blog does; you simply add them into 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 Recommended Reading 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, 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 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 also there is less work involved than the models discussed aboveCons: margins arent great, you dont need control on quality, fulfillment, and the customer journey.Affiliate: kind of like a site, but has the appearance and texture of an e-commerce storePros: the least amount of work involved; you dont have to put any ordersCons: I think its kind of unethical because people are shopping on your site but then being taken someplace else to make a purchase.

He didnt store inventory, pay for products up-front, or send a single thing himself.How to establish 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 really pretty simple.One of the top sites to earn money with your photos is Shutterstock.

Due to its popularity and reduced barriers to entry, this website can work as a passive income source irrespective of your experience level.Set an account, upload your own pictures, and earn money whenever a client downloads your photographs. The amount you earn per download depends on the type of client 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, clearly, there are stats touting that 90 percent of all millionaires gained that status by owning actual estate.And while property is an excellent option, it will require a significant initial investment, therefore 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 blog, a YouTube channel, a course or a shop. And while its technically not passive in the beginning, it more information can be a life-changing experience and one that brings enormous wealth and satisfaction.Have you attempted any of those passive income ideas Id like to hear about your experience in the comments below! .