Residual income ideas: an overview of passive income vs. linear income
What is Residual Income (and How Can You Get Some)
Are you living paycheck to paycheck? Then it's time to get out of the rat race and
start thinking in terms of multiple streams of income, such as leveraged income,
passive income, or recurring income. Whatever you call it, what we're talking
about here is not a technical definition, but a means to illustrate that with a little
planning your initial work can generate a lifetime of income. You can some day kick
back and enjoy life on your terms (instead of relying on a paycheck).
You see, your paycheck is linear income. You're trading your time for money. As
there are only so many hours in the day, you would have a limit to your wealth if
you were to rely only on your paycheck. But if you were to shift your thinking to
learn about multiple streams of income you could leverage your time and profit
from recurring income that has minimal or limited involvement. To do this you will
need to learn to delegate, automate, affiliate and model after the success of
others. Whatever your course of action, it's inspiring to know that the "residues"
of your initial efforts can generate residual income.
To that end, here is a starter list of ideas:
- Become an affiliate marketer. Cash back at eBay is the easiest way to
start, but you can also develop a content rich Web site or blog and collect
Google pay-per click ads. Visit our affiliate marketing bookstore for more
powerful ideas for making money with Google Adsense, or ClickBank. - Sell your digital pictures to image banks.
- Get paid for advertising on a car.
- Buy Real Estate and rent it. Learn about cash flow by visiting our
bookstore. - Start a career in sales (e.g insurance brokers are often paid a recurring
commission). - Sell your business as a franchise and let others pay you to duplicate your
success. - Hire trusted staff to operate your established business (for example,
become a restaurateur). - Buy stocks and collect dividends.
- Write a book or a magazine article.
- Sell an eBook on your own Web site or blog, on Amazon, or through the
affiliate marketplace, such as ClickBank, Affiliate Junktion, or Share-a-sale. - Write a song and collect royalties from the published music.
- Become an actor and get residual income off syndicated shows.
- Write a software program and have others market it and collect royalties
from the sales. - Create a game. Read The Toy and Game Inventor's Handbook, by Levy
and Weingartner, available in our affiliate bookstore.
You get the idea.... Invent something. File a patent and sell the patent so you
don't have to do the work of selling it yourself. Put your seminar on video and sell
the rights.
One of the best kept eBay secrets...
... If you buy or sell on eBay then check out our residual income opportunity
to get cash back at eBay and hundreds of other online stores, like eHarmony.com
or GoDaddy.com. You can have this eBay business without selling a thing on
eBay. That means even if you're an eBay buyer (and not a seller) you can still get
paid to your PayPal account monthly just by telling people about how to get cash
rebates for themselves. It's a win-win situation. But if you are an eBay seller then
you'll also have an opportunity to advertise your eBay store for free, and take
advantage of widgets that bring lots of eBay buyers to your team quickly and
easily. Recurring sales are the easiest to attain from eBay buyers because these
buyers because they purchase often and the rebates add up.
----------------------------------------------------------------------------
(C) Copyright 2007-2008 by M.C. Nygard. All rights reserved.
Linking to this site is permitted. HOWEVER, no part of this content may be reproduced, or stored in any
retrieval system, or transmitted in any other form or by any means including but not limited to
electronic, mechanical, photocopy, recording or otherwise, without the written consent of the author.
The author makes no warranties express or implied. pr
... If you buy or sell on eBay then check out our residual income opportunity
to get cash back at eBay and hundreds of other online stores, like eHarmony.com
or GoDaddy.com. You can have this eBay business without selling a thing on
eBay. That means even if you're an eBay buyer (and not a seller) you can still get
paid to your PayPal account monthly just by telling people about how to get cash
rebates for themselves. It's a win-win situation. But if you are an eBay seller then
you'll also have an opportunity to advertise your eBay store for free, and take
advantage of widgets that bring lots of eBay buyers to your team quickly and
easily. Recurring sales are the easiest to attain from eBay buyers because these
buyers because they purchase often and the rebates add up.
----------------------------------------------------------------------------
(C) Copyright 2007-2008 by M.C. Nygard. All rights reserved.
Linking to this site is permitted. HOWEVER, no part of this content may be reproduced, or stored in any
retrieval system, or transmitted in any other form or by any means including but not limited to
electronic, mechanical, photocopy, recording or otherwise, without the written consent of the author.
The author makes no warranties express or implied. pr
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M.C. Nygard, left wants
you to earn a lifetime
of good residual
income.
Please visit this site
often and sign up for
our Residual Income
mailing list.
Ideas to Profit on eBay
Auction Flipping
Ideas to Profit Beyond
Cash to drive a car
Other cool stuff
Cash back at GoDaddy
Cash back at eHarmony
you to earn a lifetime
of good residual
income.
Please visit this site
often and sign up for
our Residual Income
mailing list.
Ideas to Profit on eBay
Auction Flipping
Ideas to Profit Beyond
Cash to drive a car
Other cool stuff
Cash back at GoDaddy
Cash back at eHarmony