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Why You Should Develop Passive Income

Updated on February 15, 2016

Many people have learned suddenly to their dismay that they were expendable as their job was "downsized." This wouldn't be so devastating if there was some passive income coming in. What are some good passive income streams so you can protect yourself?

Passive Income Through Network Marketing

They seem to have been around forever: the network marketing companies. Does anyone ever actually make money with them? Actually, yes. Network Marketing does require work to set up at the beginning. It can pay off down the road. Many people have built huge businesses with massive "downlines." Of course, other people have failed dismally.

Create an eCourse for Passive Income.

Are you good at writing? What else are you good at? If you take one of your skills that you understand and create a simple course around it, you could make passive income. You do need to promote your course or have someone else promote it. Learning the fine art of promotion or selling both online and offline should be the top on everyone's agenda. No matter what line of business you are in, trust me, you are in sales.

Cash Back Rewards Cards Give You An Edge.

It is really fun to have all the cash back rewards cards. After all, there is no point in letting all the bonuses and free points go to waste is there? Of course, being sure that you are getting everything you are entitled to is going to take a bit of work. Set up a system to ensure that you are tracking all those points. It is what you really must do.

Passive Income Through Autoresponder Lists With Newsletters

If you set up a website or a blog be sure to attach an autoresponder to it. Then you can send out a periodic newsletter with links to buy your products or services. It is like having an audience at all times who is ready, willing and able to buy from you. It is better than beating the bushes for new clients all the time. That is working hard and not smart and it is killing yourself unnecessarily.

It is definitely time to start earning passive income. There are so many different ways to do that. Some people like Network Marketing or creating their very own e-course. Others like to use cash back rewards sites or set up auto responders to catch passive income. However you decide to get passive income, it is sure to make your life much better.


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    • goatfury profile image

      Andrew Smith 18 months ago from Richmond, VA

      Hey, awesome! I did a corollary on this not too far back:

      Great stuff!

    • emge profile image

      Madan 18 months ago from Abu Dhabi

      Excellent hub , with good suggestions. Yes passive income can help in many ways, particularly for retired persons, who also remain busy and occupied