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Advertising, affiliate marketing, products its your decision! 11. Purchase a website thats already making moneyIf youd prefer to bypass the startup period, you might want to purchase a blog thats built and earning revenue. This is really fairly simple to accomplish because a great deal of individuals start blogs, and then get bored together.

Expect to see prices ranging from above $20,000 to over $2 million. However, 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 might 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 rules on making money using a YouTube channel changed in January 2018, but that is still an option. Youll just need to adjust your strategy slightly.It was that almost anyone can monetize their YouTube channels.

Ads) at the start of your content. When you get a certain number of perspectives, you earn cash.There are hordes of people who create entire livings doing so. Folks filming makeup tutorials, travel guides, unboxing videos, anything you can think of, actually. Because YouTube is such a favorite platform, there are more than enough eyeballs to entice 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 was making on this video went off overnight.Its not only the little guys like me that are being squeezed by the constant updates.

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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 platform or your own income.What I recommend is utilizing the affiliate strategy I mentioned earlier. It functions much the exact same manner that having affiliate links on your blog does; you just add them to your YouTube videos as well.So, which platform if 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 need to do all the marketing yourself. Udemy has a built-in foundation of students, however you dont have as much control and they take 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 videos, 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.

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 models discussed aboveCons: margins arent good, you dont need control over quality, fulfillment, and the customer journey.Affiliate: kind of like a blog, but has the look and texture of an e-commerce storePros: the smallest amount of work my latest blog post involved; you dont have to place any ordersCons: I think its kind of shady because people are shopping on your website but then being taken someplace else to make a purchase.

He didnt store inventory, pay for goods up-front, or send a single thing himself.How to establish your own online store, step-by-step. How to find awesome products you can import and begin selling instantly.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 top sites to earn money with your photos is Shutterstock.

As a result of its popularity and low barriers to entry, this site can function as a passive income source regardless of your experience level.Set up an account, upload your pictures, and earn money whenever a client downloads your photos. The amount you earn per download depends on the sort of client 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 earth. And, clearly, you will find stats touting that 90% of millionaires gained that status by owning real estate.And while real estate is an excellent option, it does require a significant initial investment, therefore whether or not this passive income flow 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 store. And while its technically not more inactive in the beginning, it can be a life-changing experience and one which brings enormous wealth and satisfaction.Have you attempted any of those passive income thoughts Id like to hear about your experience in the comments below! .

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