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Ads, affiliate marketing, products its your decision! 11. Buy a website thats already making moneyIf youd prefer to skip the startup period, you might want to buy a blog thats already built and earning revenue. This is really pretty simple to accomplish because a lot of individuals start blogs, and then get bored with them.

Expect to see prices ranging from above $20,000 to over $2 million. However, most of them have multiple revenue sources, or 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 might find some hidden gems.

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Bidding starts as low as $1, and if you get lucky, you may end up with 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 this remains an option. Youll just need to modify your strategy slightly.It used to be that almost anyone could monetize their YouTube channels.

Ads) at the beginning of your content. When you receive a certain number of views, you earn cash.There are hordes of people who make entire livings doing this. Folks filming cosmetics tutorials, travel guides, unboxing videos, anything you can think about, actually. Because YouTube is this a favorite platform, you will find far more than enough eyeballs to entice 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 watched content monthly in order to meet the requirements for this program.That means that the whopping 19 cents I had been making on this video went off overnight.Its not only the small guys like me who are being squeezed by the constant upgrades.

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 income.What I recommend is utilizing the affiliate plan I mentioned resource previously. It works much the same manner that having affiliate links on your site does; you just add them into 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 has a built-in foundation of students, however you dont have as much control and they take more of your revenue. CREATE COURSECreate a course for free: All you need is an email address to get started.Upload your content: Seamlessly upload videos, audio, presentations, pictures, and text.Make it your own: Customize your own college with your brand, colors, logos, etc.Launch: Attract students and sell your online courses14.

Also, can be difficult 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 versions discussed aboveCons: margins arent great, you dont need control on quality, fulfillment, and the customer journey.Affiliate: kind of like a site, but has the appearance and feel of an e-commerce storePros: the least amount of work involved; you dont need to place any ordersCons: I think its kind of unethical 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 set up your own online shop, incremental. The way to find awesome products that you can quickly import and begin selling instantly.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 photographs is Shutterstock.

Due to its popularity and low barriers to entry, this website can work as a passive income source irrespective of your experience level.Set up an account, upload your own images, 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 quotation: The best investment on earth is ground. And, of course, there are stats touting that 90% of all 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 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 that brings enormous wealth and satisfaction.Have you attempted any of those passive income ideas Id love to hear about your experience in the comments below! .