Friday, November 16, 2012

Examples of Passive Income

Passive income is an individual's earnings through businesses which he is not actively involved in. In other words, an individual engages himself in businesses that can generate a stable cash flow and does not necessarily have to work for him to earn money. There are different examples and sources of passive or residual income. If you would want to earn and sustain a stable cash flow, here are examples of passive income that you need to consider:

· Owning a business

This is one of the most basic examples of passive income. When you start a business, you get decide how you run it. By owning one, you also get to hire people so they can run it for you regularly. This way, you can sustain your passive income's flow.

· Investing

Stocks, bonds, and mutual funds are financial investments that can be ways of gaining passive income. These investments can take you a long way in sustaining the flow of your passive income by utilizing them wisely and efficiently.

Blogging Tips: Three Steps To Make Passive Income

There has been an ongoing discussion if it is actually possible to make passive income from a blog or website. The truth is, it is possible.

However, it requires dedication and hard work in doing the first steps. Many bloggers out there fail on this part, so they end up not earning money.

When you put up your own WordPress website or blog, you have to take time in establishing the foundation, which is high quality content.

Unless you have this, it is worthless to move on to the next lesson, which is monetizing your blog.

Your goal for making money from your website is to make passive income that will cover the daily costs of your business and much more.

You can achieve this by initially investing time and money. If you are successful, then minimal work is needed from you after that.