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Thursday, May 14, 2009

THREE METHODS TO EARN PASSIVE INCOME FROM HOME


Everyone is looking for a way to create a cash flow without expending a great deal of effort. That is what passive income is. There are actually several ways you can earn passive income from home. The Internet offers an easier way to make this happen than money making opportunities that exist off line. It isn't necessary to work 60 hours a week to add extra income to your financial picture if you have a source of passive income.

Passive income is a cash stream that comes in without you being directly involved in the process. To make a great deal of money online most people rely on multiple businesses. There is no way that you will have enough hours in a week to be actively involved in every one of them. This is where methods that allow you to earn passive income from home gains even greater importance.

It's a little bit like a magic money line because all you have to do is start it up and cash appears. Just like anything else one can get into to make money you will have to put forth some effort to get the ball rolling. These are the different methods used to earn passive income from home:

1. Residual Income: This comes from things like memberships that are renewed monthly or annually by people who joined through a connection to you. It can also be found in reorders of products with some online merchants.

2. Leveraged Income: An example of this type of passive income would be that you write an ebook and enlist a bunch of affiliate marketers to sell it for you. Or you could start a business and franchise it to other new entrepreneurs.

3. Active Leveraged Income: Now this method does require you to be actively involved. If you are promoting something like a musical event or a conference that will make more money for every person who attends. It could be something like a live streaming concert that everyone who receives the password to attend online pays $20 for the privilege.

The possibilities for you to earn passive income from home online are huge. The above examples are only the tip of the iceberg and you would do well to research this topic in depth. From there you'll find so many ideas about how you to can open up a cash flow without working hard.

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