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Advertising, online affiliate marketing, products up its your decision! 11. Purchase a website thats making moneyIf youd would rather skip the startup phase, you might want to buy a blog thats already built and earning revenue. This is actually fairly simple to do as a lot 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 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 might end up getting a pre-built site for less than $1,000! 12. Begin a YouTube ChannelSo, the rules on making money with a YouTube channel changed in January 2018, but that is still an option. Youll only need to adjust your strategy slightly.It used to be that almost anyone could monetize their YouTube channels.

Advertisements ) at the start of your content. When you get a certain number of views, you earn cash.There are hordes of people who make entire livings doing so. Folks filming makeup tutorials, travel guides, unboxing videos, anything you can think of, actually. Since YouTube is such a popular platform, there are more than enough eyeballs to attract 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 qualify for this particular program.That means that the whopping 19 cents I had been making on this movie went away overnight.Its not just the little guys like me that are being squeezed by the constant upgrades.

Its constantly changing and evolving, which means you ought to be willing to adapt. Plus, it helps having a site so youre not relying on a single stage or your income.What I recommend is utilizing the affiliate strategy I mentioned previously. It works much the exact same way that having affiliate links on your link 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 of the marketing yourself. Udemy includes a built-in base of students, however 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, pictures, and text.Make it your own: Customize your college with your brand, colors, logos, etc.Launch: Attract students and market your 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 there is less work involved than the versions discussed aboveCons: margins arent great, you dont need control over quality, fulfillment, and also the customer journey.Affiliate: kind of like a blog, 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 unethical because their explanation people are shopping on your site but then being taken someplace else to make a purchase.

He didnt shop inventory, pay for goods up-front, or ship a single thing himself.How to establish your own online shop, incremental. How to find amazing products you can quickly import and begin selling instantly.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 best 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 every time a client downloads your photos. The amount you earn per download depends on the type of client who purchases 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 earth. And, clearly, there are stats touting that 90% of millionaires gained that status by owning actual estate.And while real estate is an excellent option, it does require a significant initial investment, therefore whether or not that passive income stream is right for you depends on your current financial situation.

I adore the thought of creating something, whether its a blog, 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 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! .