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Advertising, affiliate marketing, products its up to you! 11. Buy a website thats already making moneyIf youd prefer to bypass the startup phase, you may want to purchase a blog thats built and earning revenue. This is actually fairly easy to do 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 within a site that will bring in cash from day one.Flippas inventory is not nearly as prestigious, but you may find some hidden gems.

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Bidding starts as low as $1, and if you get lucky, then you may end up getting a pre-built blog for less than $1,000! 12. Begin a YouTube ChannelSo, the principles on making money using a YouTube channel changed in January 2018, but that remains an option. Youll only need to modify your strategy slightly.It used to be that nearly anyone can monetize their YouTube channels.

Ads) in the start of your content. When you receive a certain number of views, you earn cash.There are hordes of people who make entire livings doing so. Folks filming makeup tutorials, travel guides, unboxing videos, anything you can think about, actually. Since YouTube is this a favorite platform, there are more than enough eyeballs to attract an audience to even the most obscure 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 particular program.That means the whopping 19 cents I had been making on this video went off overnight.Its not only the small guys like me that are being squeezed by the constant upgrades.

Its constantly changing and evolving, which means you must be willing to adapt. Plus, it helps having a blog so youre not relying on a single stage or your income.What I recommend is utilizing the affiliate plan I mentioned previously. It works much the same way that having affiliate links on your site does; you just add them into your YouTube videos as well.So, which stage if you chooseTeachable top article 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 of the marketing yourself. Udemy includes a built-in base of students, however you dont need as much control and they require more of your revenue. CREATE COURSECreate a class free of: All you need is an email address to get started.Upload your content: Seamlessly upload videos, sound, presentations, images, and text.Make it your own: Customize your school with your brand, colours, logos, etc.Launch: Attract students and market 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 good, you dont have control over quality, fulfillment, and also the customer journey.Affiliate: kind of like a site, but has the look and texture of an e-commerce storePros: the smallest amount of work involved; you dont need 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 buy.

He didnt shop inventory, pay for goods up-front, or ship a single thing himself.How to set up your own online shop, step-by-step. The way to find awesome products 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 website this can function as a passive income source regardless of your experience level.Set an account, upload your images, and earn money every time 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 quotation: The best investment on earth is ground. And, clearly, there are stats touting that 90 percent of millionaires gained that status by owning actual estate.And while property is an excellent option, it does take a significant initial investment, therefore whether or not this passive income stream is right for you depends on your current financial situation.

I love the thought of creating something, whether its a blog, a YouTube channel, a course 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 tried any of these passive income thoughts Id over here love to hear about your experience in the comments below! .