Are you Looking for Passive Residual Income Sources?
Passive Income versus Active Income
Residual income, otherwise known as passive income is recurring income that continues to hit your bank account with minimal effort on your behalf. There is no true set and forget passive income, and depending on which passive income business that you choose, there may be a considerable amount of time investment in the initial start-up phase however there are many passive residual income sources available for you to choose. Passive income is very different to linear income (active income) whereby for each hour you work you earn a salary or fee for service. There are only so many hours in the day that you can work so your income is limited by the number of hours you can physically work. Which kind of income sounds more appealing to you?
Passive Residual Income Sources
Contemporarily the most common vehicle for people to earn a passive income is through the internet. There are numerous passive residual income sources that you can leverage online in Australia and anywhere in the world for that matter. One of the most common ways is through earning a commission by selling affiliate products or services online. The reason that this method is so popular is that it requires very little initial capital and time upfront, making it the easiest and cheapest way to start earning a passive income. Think about products and services that you are passionate about and chances are that there is an affiliate program that will pay you a commission for selling their services through.
There are a number of ways that you can get started with earning a passive income through affiliate marketing that include paid advertising services like; Google Adwords, posting links on your blog, guest blog posting with your affiliate link, facebook advertising and email marketing. The most efficient method will depend on your target audience and the products that you are promoting.
Recurring Passive Residual Income Sources
If you are still thinking about a product or service that you would like to promote then I suggest you consider products or services that have recurring billing. This means that the consumer is charged an ongoing weekly/monthly fee which in turn means that you will receive a weekly/monthly commission. So by linking a consumer with a vendor only once, you will start receiving regular commissions over time. Imagine if only 100 people sign up for a monthly service that pays you a commission of $10 per person monthly.
If you would like more information about affiliate marketing and other passive residual income sources then you might like to visit this page http://passiveresidualincomefreedom.com/passive-residual-income-ideas/