Ways To Create Passive Income

Successful entrepreneurs should always be looking
for ways to create passive income so I thought I 
take a few moments to mention a couple.

 

As I mentioned in one of my previous posts

“Passive Income is doing the work once and

getting paid for it over and over again.”

 

There are many ways to create passive income and

if you are on the internet to make money, passive income

should be your number one goal.

 

Not only do you receive continuous money from

your work (for instance, if I never touch this website

again, it will continue to make money for me) but

you also are receiving your freedom.

 

Now, let’s distinguish the difference Passive Income and

Active Income.

 

Active Income, according to investopedia, “it is income
for which services have been performed. This includes wages,
tips, salaries, commissions and income from businesses in
which there is material participation.”

 It is any type of income stream that is generated in
exchange for your time or effort.  The moment you stop
putting in time or effort, the income comes to a halt.  You have
to consistently work hard to earn an active income.  The best
example of active income is having a typical job.  If you have
a job, you work a certain number of hours at the workplace and
in exchange for a paycheck for that number of hours spent at the
workplace. If you no longer work for that job you immediately
lose that income stream.

 

 

 

On the other hand….

 

Passive Income is an income received on a regular basis,
with little effort required to maintain it.

 

With passive income, once you’ve invested your time and
efforts and found ways  to create passive income, your job is
done.  When this is done online, the income generated by the
automated systems that you’ve set up will produce a consistent
passive income for you without any real-time presence.  
You will continue to receive income for the rest of your life,
even while you eat, sleep and travel the world.

 

 

        “If it’s not residual income then don’t do it, because 
      it takes you to slavery, not to freedom.” – T. Harv Eker

 

While there are many ways to create passive income, I am
only going to address two, one online and one traditional.

 

Affiliate Marketing is one of the simplest ways to create
passive income.  It gives you the ability to earn a commission
by promoting the product of others.

 

Affiliate marketing is one of the best ways to get started
online because you don’t have to worry about creating your
own product, sales letter, or dealing with customer support.  
Your only job is getting people to your website, or possibly a
company website depending on where the information about
the product or service is located.

 

 

                    Investing in real estate is one of the other
                           ways to create passive income.

 

Many people agree that Real estate investing is one of
the most common ways that people become wealthy.

When buy real estate such as houses, apartment buildings,
office space, retail space, or whatever, you earn income
renting out this property.

 

You will also make money from the appreciation, assuming
that real estate prices rise while you own the property.

The goal when renting a property, is to create a positive
cashflow, meaning that your monthly rents exceeds your
mortgages, upkeep, property taxes, and any other expenses
and still leave you with some money left over. As you pay
down the mortgages you will gradually own more equity in
the property which enables you to borrow against this equity
to fund more investments, or you can sell it and cash out.

 

I wanted to add real estate investments as one of the
ways to create passive income but I would also like to
point out that as with most start up businesses, cash is
almost needed on the frontend and with real estate it can
be a lot of cash depending on the equity you have in other
property (such as your home) or your line of credit.

 

 

 

 

With all of that said, if you want to get started in your
own business and establish ways to create passive income,
affiliate marketing is a good choice.

 

In fact, you can click here to get started right now.

 

You will have your own products to promote and earn 100%

Commission.

 

You will have your blog set up instantly so you can start promoting

These products.  Everything is included to help get you started
without having to create or host your own website.  You do not have to

Create your own product. Everything is already done for you.

 

Go ahead and join now and this will be one of your ways to

Creating passive income. Actually, it will be the only thing you need.

 

DISCOVER HOW TO WORK SMARTER. NOT HARDER!

 

Are you earning passive income in your present

position or business?  If not, I would suggest

you click here << — and find out how you can

start earning a substantial passive income and

begin living the life of financial freedom.

 

If you received value from this post “Ways
To Create Passive Income” please take
a moment to share it with someone who will
benefit from it.

 TO YOUR PROSPERITY,

 

 

Sherry Starnes

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