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

Are you looking for a low-risk method to make passive income Then look at opening a high-yield savings account with an online bank such as CIT Bank that pays 19 times greater 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 create consistent income and not lose your money since CIT FDIC insured.

 

 

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Once the initial work of creating the publication is done, selling books can be a great way to create some severe residual income.

Once your book can be found on a site like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the longer you spend marketing your publications, the more money youll earn.

Have you got an extra room that you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying in a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the room following a suspect leaves. This may 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 bedrooms.

 

 

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

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

Affiliate marketing can be a terrific way to make passive income. This is because when people click on the affiliate links on your site, you are given a commission at no additional cost . All they need to do is purchase a product or service.

 

 

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

 

 

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So, lets say you produced a lead generation website that focuses on real estate. Youd utilize the site in order to educate individuals about home ownership. Or, youd educate 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 some real estate professional in their region.

 

 

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The real estate professional would cover you for the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.

 

 

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You could also earn money by having advertisers on your website. Note that you would need to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website Read Full Report near the top of search engine pages would be critical to success.

 

 

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

You can earn even more money by signing up using a distinctive rewards shopping site. You will find sites that will pay you each time you shop at certain online retailers.

 

 

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You just download the sites 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 double cash back specials, then you can double your passive income earnings if the ideal items go on sale.

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

 

 

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

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