What is Passive Residual Income?

Passive residual income is an income that does not require your direct, active involvement.

Passive residual income examples: Royalties of books, music or photos, rental income and multi-level marketing are different types of passive residual income.

People that have created several different types of passive income opportunities, have more time to enjoy their life because that do not require their time and leaves them free to activities that give more pleasure.

Passive residual income is a revenue that will come in the future in result of work and time invested only once time. Recurring from customers reordering items or commissions from the sale of affiliate products are two examples of passive income. The sale's commissions from investment or insurance products are also good examples of passive income.

There are many ways to generate a passive residual income and also different types of business models. There are some of these different passive income models that do not requires additional work or time. There are other types of passive income businesses that will require some investment of money or time.

Domain parking - You register or buy domain names only for purpose of parking them and receive revenue from the visitors that click on the advertisements. It is not need to invest any additional time. ex: Namedrive

Sell your own ebook - You can create your own ebook and have other people selling the ebook for you. These types of ebooks are some of the best selling products on the net, and you will earn future commissions every time the ebook sells. Ebooks are easy to create and do not require much money or no need money to start it. One of the best places to place your ebook for sale is Clickbank.

Affiliate Programs - There are affiliate programs where you promote others people´s products and then you get a commission every time a product is sold. This other good type of passive income because you are not only earning income from the sale of products in the future, but there are also some of these products that will give you lifetime recurring commissions.

Membership sites - To create his business model is more hard and difficult. You set up a website where people will pay a regular fee, monthly or quarterly, in order to belong to your membership site. These payments will be your future recurring revenue.

Google Adsense - You have the possibility to create websites, that have Google Adsense advertisements and every time a visitor clicks on one of your advertisement, you earn money.