Do you believe in the power of passive and residual income? And if so why should everyone...
implement it?
Yes I believe in the power of passive and residual income. Most income takes consistent work especially online where things change on a daily basis. I think passive residual income is very rare.
Not really. From what I've seen of successful internet entrepreneurs, no income is ever truly passive. For one thing, you must be constantly promoting (or paying someone to promote) to keep your sites in the eye of the search engines. For another, the internet changes so fast, and your competitors change so fast, that no one can afford to rest on their laurels.
Yes, passive income is a reality! It usually come in trickles but once the trickles grows it becomes a stream, then the stream becomes a river until nothing can stop it! An example of it is the power of compounding usually applied to interest rates. If you can implement it on an online business, then you will feel its power.
Everyone should implement passive income streams because it's the path to true freedom. Freedom from needing to work daily. Freedom to travel where you like. Freedom from worries about money.
In the past it required a fair amount of money to create passive revenue streams in real estate or stocks but the Internet has changed all that. Hubpages is a good example of an investment in passive income that requires nothing more than time. And just about everyone has some time to spare here and there, enough to create quality hubs slowly but surely.
And even if you never achieve 100% success you'll still see huge benefits from achieving less, even 10% success will enhance your life in so many ways!
Passive income is a great way to prepare for retirement. With a passive income you could be making money while you sleep. Someone before me mentioned Hubpages and they are right. Blogging is the new form of creating a successful passive income. With a passive income you can gain freedom from a 9 to 5 job and you can also dictate when and how much you work.
by Jennifer Crowder 13 years ago
I wrote 2 hubs on passive income but I want to know passive income in your own words and how much you are making on passive income??
by Jasejames 14 years ago
What are the best websites for earning residual income for writing articles?Do you have any idea about other websites like Hubpages.com, Helium.com, Squidoo.com, AssociatedContent.com, etc. to earn a residual income as a freelance writer?
by Casey Johnson 8 years ago
Does anyone have any good ideas for making passive income?I've transitioned over from working for the man and I now stay at home and let money work for me. Do you have any good ideas that you would like to share on how you make passive income?
by princess g 14 years ago
I just thought about this, after reading an article about a woman who her racked up credit card bill because of an ad campaign theat didn't get shut off after she was in an accident.This got me to wondering about the residual income I make online. Would my kids(or beneficiaries, whatever) be able...
by ryancurtis 12 years ago
Is passive income really hard work in the beginning?I work full time during the week and have a family of two kids. Basically there is about 3-4 hours every working day to do passive income work. I`m in bed by 12am/1am most night now. By Friday the energy levels lights show empty.
by Daisy Fabelo 12 years ago
How do you make actual residual income?I have a few blogs but really don't make too much money, I have read problogger and still do but I want to read guidliens type hubs where they share how they are personally doing the residual income plan.
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