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

Are you looking for a low-risk method to produce passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55% 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 novels can be a fantastic way to produce some serious residual income.

Once your book is available on a site like Amazon, you could receive a check every month for doing nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the longer you spend marketing your books, the more money youll earn.

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 somewhere to stay instead of staying at a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room after 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 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 a month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

If you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your website on servers right here so that it can be seen 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. This 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 Look At This buy a service or product.

 

 

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

 

 

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So, lets say you created a lead generation site which focuses on real estate. Youd utilize the website to educate people about home ownership. Or, youd instruct them about property investing.

 

 

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Within the site youd have links where people 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 actual estate professional would pay you for the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

 

 

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You could also make money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your website near the top of search engine pages will be critical to success.

 

 

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Did you know that you can sell your own products on Amazon and have them even send 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 with a special rewards shopping website. You will find sites that will pay you every time you shop at certain online retailers.

 

 

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

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

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

 

 

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

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