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One of the cool things about this type of business is that you do NOT need to purchase inventory. The customer pays for the merchandise; you collect the profits, and the manufacturer shops and ships the products to the client. 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.

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Online courses can be a great source of passive income. Heres how they work: you create a value-packed online course that helps resolve a problem or fills a need.

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

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

Everyday regular people like you and me are making money on YouTube. Every time someone reaches one of your videos, advertisements can appear, and you can earn money from these ads. The trick to becoming successful with YouTube is building a big enough subscriber and audience base.

It can take a great deal of time up front, but once your videos have been live there is potential for you to make passive income from each movie indefinitely.

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Granted you probably will not make a living from only a few videos. Be ready to make over 100 videos if you truly want this to remove.

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

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Do you want some innovative tiny businesses that you can start for under 100 bucks Then have a look at the $100 Startup by Chris Guillebeau. All of these are verified businesses that grew to more than six figures per year. And each of them started with very little money up front.

A successful vending machine business can be a excellent way to make passive income. The key is to find the ideal areas to install your vending machines. Check with smaller brick and mortar businesses. Contact people who have over 100 employees in the building on a daily basis, and see whether they need vending machines. .

Another crucial to vending machine achievement Request those employees what items they prefer to possess in the vending machine and then inventory accordingly. Once again, if you want to reduce the amount of time that you are involved, consider hiring someone to stock the machines to you.

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Have you ever wondered how you could make money taking pictures Do you have an eye when it comes to taking good photographs

If so, check out a website like Shutterstock.  You send your photographs to Shutterstock and if they are approved, each time one of Shutterstocks clients downloads one of your photographs youll get a paid a royalty.

If you are a bit techie and can come up with a few unique ideas for mobile apps, or improve upon an existing program that will help people make their lives simpler, you may land yourself a great source of passive income.

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Every app on your phone is making money for someone, somewhere. For instance, Joel Comm created over $1Million from his iFart program.

While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile apps.

How would you prefer to make money just for driving your car and not have to pick up any passengers By allowing companies to place advertisements useful content on your car windows, you can earn a couple of hundred dollars each month simply by driving your car around town.

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Check out Wrapify to determine how you might be able to produce passive income by simply wrapping your car with an advertisement.

The beauty of an online business is that most will allow you to work from anywhere. Starting one from scratch can take a good deal of time and resources. Why not consider buying an already established online business Websites like Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .

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Check to find out if there is an online business for sale that is in line with your passions or hobbies. Again, in order for this notion to produce passive income, you'll need to employ someone to run the business.