This has been my dream for many years. Passive online income is something that is sought after by people that have six and seven figure incomes. The reason is because even though they have these huge six and seven figure incomes they still have to work each and every day to make that money.
The reason so many people desire passive online income is because they do not want to have to get up each and every day to make a dollar.
So how do you get that all illusive residual income? Most people turn to real estate. But in order to get involved in Real Estate you need to have a huge budget. Then it can take months and years to actually be in a position to receive even small amount of passive income.
The next place that people usually go is to Network Marketing. Network marketing is a type of business opportunity where you can recruit representative to help you market some sort of product or service. By help building this word of mouth marketing channel the company will generally pay you some sort of percentage of what you bring in and a percentage of what your team brings in. The problem with this approach is that you need to recruit a lot of people to find someone that will really make things happen.
When that doesn't work out most people will turn to the Internet! My favorite form of passive income that comes from the Internet is called affiliate marketing. With affiliate marketing you can make online income simply by writing content for search engines. By getting your content placed on the search engines you can sell different products that other people own. Once you sell their product you can make a percentage of the sale or a set amount per approved transaction.
The hard part about doing affiliate marketing is learning the ropes of content creation and getting your content seen on Google. Once you get this part down then making passive income is a snap!
The great part about doing content marketing with affiliate products is that once you do the work and you get your content ranked on Google then you will get paid over and over and over again. That is the beauty of making passive income through the affiliate marketing model!
Along with making passive income I also believe in having multiple streams of income. Click the link above to see my take on multiple streams of income.
