Two Types Of Income

Most everyone has had the dream of owning their own business

, and since the Internet has become extremely popular, this dream has become a reality for many people. There are a great many advantages that come with starting a business online, as opposed to one that is in an actual building. One of the many benefits is that it is less expensive to set up a website than it is to rent or purchase an actual building. You can have your site set up any way that you want without having to worry about some of the restrictions that you tend to run into when trying to set up a business in a room or a building. For example, if you decide to run a store, doing this the traditional way will require you to have to ensure that you do not have more merchandise than you can fit into the allotted space. This problem does not come about if you are working through the Internet. All you need is enough space in your home for a small office and possibly the product that you plan on selling. You can even use another company to ship the merchandise, so you do not even have to worry about keeping the items in your office area. If you choose to work on the Internet, there are many online sites where you can purchase membership software in order to start your business.

There are two types of income that you can generate from starting a business on the Internet. The first kind of income is known as an active income. This is the cash that you receive when you sell a product. The item that you sell could be anything from clothing to writing. The initial payment that you receive is your active income.

The second type of income is known as passive income. This is the residual money that you generate. A good example of this is if you write articles for online sites. Most of these sites will pay you upfront depending on what rights you decide to give the company for your work. Then, you will make additional income for the amount of people that read your article. It is typically not a lot of money; however, you will continue to generate income from each article as long as it stays up on the site. If you decide to use this type of work as your business, then it is possible for you to generate a decent sized passive income if you work at it.

by: John Simons

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