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Ads, online affiliate marketing, products its your decision! 11. Purchase a website thats 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 pretty easy to do because a great deal of people start blogs, and then get bored with them.

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

 

 

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Bidding starts as low as $1, and if you get lucky, you may end up with a pre-built blog for less than $1,000! 12. Start a YouTube ChannelSo, the principles on making money using a YouTube channel changed in January 2018, but this is still an option. Youll only need to adjust your strategy slightly.It was that almost anyone can monetize their YouTube channels.

Ads) at the beginning of your content. When you get a certain number of perspectives, you earn cash.There are hordes of people who make entire livings doing this. Folks filming cosmetics tutorials, travel guides, unboxing videos, anything you can think of, really. Since 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 saw content monthly in order to meet the requirements for this particular program.That means that the whopping 19 cents I was making on this video went away overnight.Its not only the small guys like me who are being squeezed by the constant updates.

 

 

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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 earlier. It works much the exact same manner that having affiliate links on your site does; you just 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 base of students, but you dont have as much control and they require more of your revenue. CREATE COURSECreate a class for free: All you need is an email address to find started.Upload your content: Seamlessly upload movies, 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 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 also the client journey.Affiliate: kind of like a blog, but has the appearance and feel of an e-commerce storePros: the smallest amount of work involved; you dont have to place any ordersCons: I think its kind of unethical because people are shopping on your website but then being taken somewhere else to make a purchase.

He didnt store inventory, pay for goods up-front, or send a single thing himself.How to set up your own online shop, incremental. How to find awesome products you can import and begin selling instantly.15. Sell Your Pictures explanation 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.

As a result of its popularity and reduced barriers to entry, this website can work as a passive income source irrespective 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 buys the picture.

 

 

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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% of all millionaires gained that status by owning real estate.And while real estate is an excellent option, it does require a significant initial investment, so whether or not this passive income stream is right for you depends on your current financial situation.

I love the idea of creating something, whether 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 that brings enormous riches and satisfaction.Have you attempted any of those passive income thoughts Id love to hear about your experience in look at these guys the comments below! .

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