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Advertising, online affiliate marketing, products its up to you! 11. Buy a website thats making moneyIf youd prefer to bypass the startup phase, you may want to buy a blog thats built and earning revenue. This is actually fairly simple to do 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. However, the majority 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, then you may end up with a pre-built blog 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 modify your plan slightly.It used to be that almost anyone could 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 create entire livings doing so. Folks filming makeup tutorials, travel guides, unboxing videos, anything you can think of, really. Since YouTube is such a popular platform, you will find 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 qualify for this particular program.That means the whopping 19 cents I had been making on this movie went off overnight.Its not only the small guys like me that are being squeezed with the constant updates.

Its constantly changing and evolving, so you must be willing to adapt. Plus, 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 strategy I mentioned earlier. It functions much the exact same way that having affiliate links on your blog does; you simply add them to 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 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 need as much control and they take more of your revenue. CREATE COURSECreate a class for free: All you need is an email address to get started.Upload your content: Seamlessly upload movies, sound, presentations, images, and text.Make it your own: Customize your school with your brand, colours, logos, etc.Launch: Attract students and sell your online courses14.

Additionally, can be difficult to differentiate yourself.Dropship: when a customer orders from your site, the manufacturer ships.Pros: you dont have to handle physical home inventory and also there is less work involved than the models discussed aboveCons: margins arent good, you dont need 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 shady because people are shopping on your website but then being taken someplace else to make a buy.

He didnt shop inventory, pay for goods up-front, or send a single thing himself.How to establish your own online store, incremental. The way to find amazing 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 make money with your photographs 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 images, and earn money every time a client downloads your photographs. 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 ground. And, of course, you will find stats touting that 90% of all millionaires gained that status by owning real estate.And while property is an excellent option, it does 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 website, a YouTube channel, a course or a store. And while its technically not inactive in the beginning, it can be a life-changing experience and one that brings enormous wealth and satisfaction.Have you tried any of these passive income thoughts Id like to hear about your experience in the comments here below! .