Passive income

What is Passive Income?

Passive income is income paid to you on a regular basis with minimum or no involvement or effort on your part. Sounds too good to be true? of course it does. Starting a passive income project can take considerably more time and effort than many realize but the rewards of which can continue to roll in long after you stop working.

Every morning i sit and read articles online and most nights i can be found working on my online business ideas. Its taken effort, but slowly I’ve seen my ideas grow into small business’s and its all starting to pay off. I already have one main income source that now doesn’t require me to do anything at all, and yet each month I keep getting paid. I also have several web based business ventures that are starting to develop into great future income streams!

Examples of passive income are;

 

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  • Dividends from stocks and bonds.
  • Royalties from music, books or films.
  • Rental payments from real estate.
  • ebook sales.
  • Affiliate marketing programs.

 

The possibilities are endless!

The Internet age has brought a global audience and market place to every corner of the world and with it countless opportunities. All of the ways in which passive income is discussed on this site can be archived wherever you are! All it takes is a computer, an Internet connection and a commitment to what you want to achieve.

All sounds too good to be true? Of course it does and it is, if you want to start earning income immediately without a significant financial investment up front. Sure if you had the cash you could buy say $1m of dividend paying stocks or maybe a block of apartments to lease and viola! Passive income. But let’s face it you probably don’t have $1m to invest upfront, I know I sure don’t.

 

Good news, bad news.

Well the bad news for the average guy like you and me is achieving passive income takes a lot of work upfront. I’m not going to lie to you. This is by no means a “get rich quick” process. Nothing comes for free and passive or residuale income is no exception.

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Generating your passive income in the first place is where the majority of the work involved happens. Once you have worked hard to build and establish your project, your day to day involvement takes a step back and becomes ‘passive’ as the business you created automates itself. The good news is however, that this is an opportunity to be as successful as your prepared to work to be. With time, effort and most importantly the right attitude, you can achieve anything from a second income to freedom from working at all.

Every morning i sit and read articles online and most nights i can be found working on my online business ideas. Its taken effort, but slowly I’ve seen my ideas grow into small business’s and its all starting to pay off. I already have one main income source that now doesn’t require me to do anything at all, and yet each month I keep getting paid. I also have several web based business ventures that are starting to develop into great future income streams!

 

The possibilities are endless, all you need is an idea!

 

For more detailed Explanations on types of passive income, see the pages below.

 

 

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