What Is Automated Passive Income?
Passive income is money you receive without working for it
. An automated income is one that continues to produce money for you in a hands off sort of way. In this article let's talk about how you can get automated passive income using the Internet.Thinking about residual income is one way to think about passive income. This is where you continue to get paid in the future for the work you are doing today.
That is an important point to keep in mind regarding passive income. Chances are you will have to work hard at some point to create that income.
However, the advantage to this type of income is once you are making it, it continues to come in even when you are no longer working. This is why using the Internet makes it possible for almost anyone to achieve this type of income.
Here are a few ways to do that.
1. Network marketing. Build a downline of distributors that purchase and sell products underneath you. You make money on their efforts.
As your group grows your income continues to grow too. Eventually you can walk away from your business with a passive income.
You can even sell retail products and make money in a passive way. Many MLM companies now set up consumer purchases on autoship so you get commissions every month without dealing directly with the customer.
2. Virtual real estate. This is a phrase used to describe online marketers who build up a large number of websites.
There are numerous examples of online marketers earning income on websites they have not done anything with for several years. For example, if you had 300 websites earning you $1 a day whether you worked or not, you could earn a six figure passive income on those.
3. Email marketing. This is a very passive way to make money once you have a list built up. You can automating sending out offers to your list.
Everytime someone makes a purchase you make money. You can sell affiliate products to your list by preprograming your autoresponder for several years in advance.
Developing lists in various niches is a great way to make a passive income with email marketing. This way you can do niche marketing by email and develop an automated income from it.
These are several tips on what automated passive income is and how you can get it. There are many other ways to go about this and the more automated income streams you create the more money you will make.
by: Suzanne E Morrison