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In case you dont have a web site, you can start one for less than $3/month. Thats the cost for getting a site sponsor a company that stores your website on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to produce passive income. That is because when people click on the affiliate links on your website, you receive a commission at no additional cost . All they need to do is purchase a service or product.

Another way to produce passive income is to make a lead generation site. Lead generation sites exist to provide referrals to local businesses.

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Therefore, lets say you created a lead generation site that focuses on real estate. Youd use the site to educate people about home ownership. Or, youd instruct them about property investing.

Within the site youd have links in which people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their region.

The real estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals are more willing to pay.

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You could also earn money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your website near the top of search engine pages would be vital for success.

Did you know that you can sell your own products on Amazon and have them even ship the goods for you I really have a friend who has done very well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping website. There are sites which will pay you every time you shop at certain online retailers.

You just download the websites browser extension and every time youre on an e-commerce website thats eligible for cash-back, youll receive a notification. I use a free website called Ebates, which will cover you $10 just for signing up.

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Using their double cash back specials, you can double your passive income earnings if the right things go on sale.

Again, your earning plan goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the process.

With the explosion of eCommerce, drop shipping has become remarkably popular.  Heres how it works: you create an online shop that provides goods from certain manufacturers.

A person visits your site and orders a product, and then your machine sends the order to the particular manufacturer. The manufacturer then completes the order by shipping it directly to the client.

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One of those cool things about this kind of business is that you do NOT need to order inventory. The client pays for the product; you collect the profits, and the manufacturer shops and ships the goods to the customer. Its as simple as that.

In case youre interested in starting a drop shipping business, consider using a platform like Shopify to build your online shop.

Online classes can be a great source of passive income. Heres how they work: you produce a value-packed online class which helps resolve a issue or fills a need.

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The course can include videos, e-books, and mails with pertinent information. Clients sign up to buy the course, and your system automatically mails them everything they need to get the materials.

You receive money for the price of the course that you created. A platform for example Teachable can perform all the heavy lifting for you when creating your program.

Regular regular people just like you and me are making money on YouTube. Each time someone watches one of your movies, advertisements can appear, and you can earn money from these ads. The key to becoming successful with YouTube is building a large enough subscriber and viewer base.

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It more info here can take a lot of time up front, but once your videos have been live there's potential for one to make passive income from each video indefinitely.

Granted you probably will not make a living from only a couple of videos. Be prepared to create over 100 movies if you truly want this to take off.

Owning a business can be a good passive income resource. The key is in having the right people running the business for you. Whether it be via the purchase of an existing business or opening a new business, your good business idea can be a feasible source of passive income.