Making Residual Passive Income

For everyone who does not know what residual passive income is, it is income that you receive by working for it once and then being paid for it over and over. An example of this type of income would be writing a book that will continue to sell long after you have written the book and had it published. Do not worry if you are not a writer because there are many other opportunities for making residual passive income. The first thing that you will need to do is come up with an idea that will give you a residual income.

Some examples for making residual passive income can include:

• Business opportunities that are commission based-an example of this type of residual passive income would be an insurance agent that sells any type of insurance policies and then earns a commission on the customers he sold the insurance to that renew their insurance policy every year with his company.

• Opportunities that are sales based-examples of this type of residual passive income would be making a video CD or writing a book.

• Opportunities that are royalty based-this would be any creation that can bring you royalties like writing a book and getting money from the sales.

These are just some of the ways of making residual passive income that you can do with very little training or skills.

Making residual passive income online with these programs

• Affiliate programs-this is similar to multi-level marketing program which will let you earn commissions when you get new recruits to make sales for you, you make the sales, or a combination of the two.

• E-books-if you have any type of writing skills you could make an e-book and offer it for sale or as a gift for ordering a product off of your website. These e-books can give the reader information on a wide variety of things.

• Earning money from online advertising-if you have a website that has many unique visitors you could rent space on your website for advertising other people's websites or products that they may be selling that would go along with what you are selling but is not the same thing. An example is if you are offering cookbooks you could rent space to someone who is selling cookware.

These are just some of the many ways of making residual passive income.

What if you had additional income, would it allow you to purchase a new home, new vehicle, or perhaps to build up your savings account? Maybe you just want to eliminate your debt from credit cards or pay off your mortgage.