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Ads, affiliate marketing, products its up to you! 11. Purchase a website thats already making moneyIf youd would rather bypass the startup period, you may want to purchase a blog thats built and earning revenue. This is really pretty simple to do because a lot of people start sites, and then get bored with them.

Expect to see prices ranging from preceding $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, then you might end up with a pre-built site for less than $1,000! 12. Start a YouTube ChannelSo, the principles 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 nearly anyone could monetize their YouTube channels.

Advertisements ) in the start of your content. When you get a certain number of perspectives, you earn cash.There are hordes of people who make entire livings doing so. Folks filming cosmetics tutorials, travel guides, unboxing videos, anything you can think of, actually. Because YouTube is such a popular platform, there are far more than enough eyeballs to entice an audience to even the most vague niche.However, as of January, you should 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 was making on this movie went away overnight.Its not just the small guys like me that are being squeezed by 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 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 simply add them into your YouTube videos as well.So, which platform if you chooseTeachable and Udemy are 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 base of students, but you dont have as much control and they take more of your revenue. CREATE COURSECreate a course free of: All you need see here is an email address to get started.Upload your content: Seamlessly upload videos, audio, presentations, images, and text.Make it your own: Customize your school with your brand, colors, logos, 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 have to handle physical inventory and there is less work involved than the models discussed aboveCons: margins arent great, you dont have control on quality, fulfillment, and the customer journey.Affiliate: kind of like a blog, but has the look 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 somewhere else to make a purchase.

He didnt store inventory, cover for goods up-front, or ship a single thing himself.How to set up your own online store, step-by-step. How to find awesome products that you can import and begin selling immediately.15. Sell Your Photos 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.

Due to 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 images, and earn money every time a customer downloads your photographs. The amount you earn per download depends on the sort of customer who buys the image.

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An investor by the name of Louis Glickman is credited with this quotation: The best investment on earth is earth. And, of course, you will find stats touting that 90% 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 this passive income stream is ideal for you depends on your current financial situation.

I love the idea of creating something, whether its a blog, a YouTube channel, a class or a store. 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 attempted any of those passive income ideas Id love to hear about your experience in the comments below! .