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One approach to speed up your debt payoff would be to lower your interest rate. In case you have high-interest debt you want to find a lower interest rate on, have a look at Credible, which offers loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to make passive income Then consider opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55percent which is unreal.

Although this wont make you filthy rich, it'll be a safer way to make consistent income and not lose your money since CIT FDIC insured.

 

 

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Once the initial task of creating the publication is done, selling books can be a great way to produce some serious residual income.

Once your book is available on a website like Amazon, you can receive a check each month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your books, the more money youll make.

Have you got an additional room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of people use Airbnb to find a place to stay instead of staying at a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room after a suspect leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 per month renting out their spare bedrooms.

 

 

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In case you've got a website already then this really is a no-brainer.  Some people are making over $50,000 per month just like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

If you dont have a website, you have a peek at these guys can start one for less than $3/month. Thats the cost for getting a website sponsor a company that stores your site 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 site, you receive a commission at no additional cost to them. All they have to do is purchase a product or service.

 

 

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Another way to produce passive income is to create a lead generation website. Lead generation sites exist to give referrals to local businesses.

 

 

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So, lets say you created have a peek at these guys a lead generation website that focuses on real estate. Youd use the site in order to educate people about home ownership. Or, youd instruct our website them about real estate investing.

 

 

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Within the website youd have links where individuals could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

 

 

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The real estate professional would cover you to the lead. Its a hot lead and not a cold lead, 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 site near the top of search engine pages will be critical to achievement.

 

 

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Did you know 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 makes six figures per year selling his own products online.

You can earn even more money by signing up with a distinctive rewards shopping site. There are websites that will pay you every time you shop at certain online retailers.

 

 

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

Using their dual money back specials, you can double your passive income earnings if the ideal things go on sale.

Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go on your shopping as usual, and potentially earn a nice cash bonus in the procedure.

 

 

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With the explosion of eCommerce, drop shipping has become very common.  Here's how it works: you create an online shop that provides products from certain manufacturers.

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