What Is Passive Income And Can You Achieve It With An Online Home Business?
According to wikipedia.org passive income is an income received on a regular basis
, with little effort required to maintain it. It would be a dream come true for many of us to make money online even when we are not working. Since the world wide web operates 24 hours a day it is possible to start an online home business that turns in a passive income.Although I admit I make money every month in a passive way I still like to work at Internet marketing. To me the chase is more fun than the conquest.
Some people may be attracted to passive income, or residual income, with the goal of not working anymore. The phrases passive income, residual income, and recurring are interchangable.
A writer earns a passive income in the form of royalties from publishing a book. That is actually possible for you thanks to ebooks and the Amazon Kindle. ClickBank is a good site to sell ebooks. So is Amazon.
Insurance people earn passive income by selling a policy one time and getting paid a residual or recurring commission in the future. Most of us will never be insurance sales people.
Network marketers can earn passive income in the form of retail sales on auto shipped products. The internet makes it possible to send traffic to a website, get a new customer on autoship, and make money very month without ever touching the product or collecting from the customer.
You can also earn a residual income by building a downline of distributor that purchase and sell products. You personally enroll new distributors. They enroll new distributors and so on.
These are independent mlm business owners that you earn a passive income from on their sales volume. and this can be done totally on the Internet.
With some MLM business opportunities you can build a worldwide business without ever talking to anyone. The whole process can be automated including prospecting, sponsoring, and training. This makes network marketing a real passive income opportunity.
Today you can build a group of websites or blogs that bring you income every month once you have them ranked on Google. Google Adsense is one way to do that. Selling a continuity program or membership site would be another.
Passive income is something anyone has a chance to achieve thanks to the Internet today. It does involve work up front which will take some Internet marketing skills. Once you get a system in place the possibilities are endless depending on how you choose to build your own online home business.
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