Unlike some other types of income, that require you to devote your time in order to generate revenue, passive residual income does not require your active, direct involvement.

Rental income, income from royalties on the sale of music or books, and multi-level marketing are just a few examples of the different types of passive residual income. This type of income lasts for many months, sometimes even years, after the initial time and effort to create the passive income stream.

People that have more time to enjoy life are usually the people that have created several different types of passive income opportunities that do not require their time, leaving them free to undertake activities that give them more pleasure.

Passive residual income is revenue that runs into the future for work and time invested only once. Recurring commissions from the sale of affiliate products, or from customers reordering items, are two examples of recurring passive income. The commissions from the sale of investment or insurance products are also examples of recurring passive income. So are royalties from the sale of books, music or even photos.

Another, but totally different example of residual income, is that of a business owner that hires someone to run his business and still gets a regular revenue stream from the business.

As you can see from these examples, there are many ways to generate a passive residual income from different types of business models. Some of these different passive income models requires no additional time or work what so ever. Other types of passive income businesses require some (but very little) investment of time or money.

There are many benefits to having passive residual income. Here are just a few examples:

1. You only make an initial investment in time or money that results in future income with little or no effort
2. Option to do what you want
3. Enjoy revenue 24 hours a day 7 days a week
4. Use the free time to be with your family and friends

You have several different routes you can go if you wish to create passive residual income streams:

• Domain parking - You buy or register domain names for the sole purpose of parking them and receive revenue from the visitors that click on the ads. You do not need to invest any additional time, and your only expense is the early renewal fee.
  
• Affiliate Programs - To make passive residual income with affiliate programs you set-up websites that promote others people´s products. You then make a commission every time a product is sold. Not only are you earning income from the sale of products in the future, but some of these products will give you lifetime recurring commissions.
• Sell your won ebook - Instead of making money selling other people´s products, you can create your own ebook and have other people sell the ebook for you. These types of informational ebooks are some of the best selling products on the internet, and you will earn future recurring commissions every time one of your ebook sells. Ebooks are easy to create and require little or no money to start. Clickbank is one of the best places to place your ebook for sale.
• Google Adsense - You can create websites, that, instead of selling affiliate products, have Google Adsense ads. Every time a visitor clicks on one of your ads, you earn  money. Once created, these type of web sites can generate revenue for many months or even years. You can also sell advertising on your sites as well as have Google Adsense ads.
• Membership sites - This is a harder business model to create, but in essence you set up a website where people pay a regular fee, could be monthly or quarterly, in order to belong to the membership site. These recurring payments will be your future recurring revenue.
  

These are just a few examples of the different types of business models you can use to create passive residual income.

I just encourage you to get started as soon as possible building your passive income business. The sooner you start the sooner you will start enjoying all the benefits of earning passive income.