Types Of Passive Income

After writing recently on passive income, I have received some questions on the types of passive income that are available and how to get started. In answer to the second question, how to get started, I think the best way is to set intention into motion. By that I mean get obsessed. A strong desire will bring about the activity required to find that answer and ultimately the means to achieve it. Use the power of the internet, start searching Google, Yahoo and Youtube. Youtube I have found to be a particularly good place to find idea’s.

One word of warning with the aforementioned idea’s, be prepared to wade through a lot of rubbish and scams to find what you are looking for. It might take weeks or even months of searching to find a good idea that is suitable for you, so be patient and be skeptical. Having said that, also be open to the fact that the right idea is out there for you.

Best Types Of Passive Income

So what are the best types of passive income? Well again, that is down to the individual and how much money you have to begin with! For me, websites and e-books do very well, but I love to write. If you hate writing, obviously that will not work for you. If you have a little money to begin with, some form of investment may work well, something such as the stock market. Again though, this will work well for some but poorly for others.

Passive Income Opportunities

Here are a few suggestions that I see as passive income opportunities.

Blogging - Use Google Adsense or other advertising programs to generate income.

Website - Again use Adsense, affiliate marketing, or referrals and leads to generate income. Solo Build It is a great place to start looking if you are interested in that avenue.

Investments - Stock market or otherwise can generate great income.

E-books - You don’t even have to write them! Seek out copyright books (can be found at wittenburgproject.com) and sell them. There are lots of websites that teach how to do this. A Google search should provide that information.

So hopefully this begins to answer the question of how to make passive income. As I mentioned before, the biggest factor in how successful you are going to be is your desire to succeed. The stronger the desire, the greater the success. There is no quick or easy way, but I think the rewards are well worth the effort. Best of luck.

Types Of Passive Income
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