Passive residual income is income that can be earned by anyone right from a housewife to a college going kid to a seventy year old granny. It all depends on how long you can work in terms of quantity of work as well as the time that you can work for every single day. People are now working from the comforts of their home using their computers and an internet connection. With the prices of computers and a broadband connection decreasing considerably over the past few years, establishing your own business at home has become a one day’s job. So in what ways can you earn passive residual income? Let’s look in the next few paragraphs.
In dictionary terms passive residual income is income that can be earned with the minimum amount of investment in the form of interests and dividends. You have the freedom to work from anywhere in the world. You are your own boss and you have flexible timings of working. You can work for just a few hours a day and make thousands of dollars a week. There is no limit to the income that you can make. You can earn income from multiple sources. You can even be able to create residual income for your future retirement. Hence we see the advantages that passive residual income can offer us.
You can make passive residual income in more ways than one. You can become an affiliate for a company where you can market the products and services of the company using the internet. You can also refer your friends to join the affiliate program. The pay either consists of a fixed salary or an hourly rate or commission depending on your performance. Also when your referrals perform, you are paid as well because you referred them to the company. The Pillar Affiliate program is a very good affiliate program.
In case you have good writing skills then why not try writing eBooks. You can write eBooks on a variety of topics such as marketing strategies for a business, how to win your customers, how to start a business, etc. However do take care that all your matter is not picked up from another source as it will violate copyright issues. Since this is the period of information technology, you can create software customized programs that you can sell on the internet. You can also turn out to be a graphics designer and create excellent web and print graphics. The opportunities are unlimited in the information technology field. Also you can resort to advertising for other companies. In case you have a website that people visit often, you can simply put up a banner giving a link to the website of another company. You can be paid a handsome fee for referring customers to the company’s website. How about making instant money by setting up a Google AdWords campaign for your product or service? You can create multiple campaigns so that you can earn more income.
David Woodford is a professional writer who specializes in beginners guides for a variety of subjects. He is currently writing this series of guides on earning money from affiliate programs. For a FREE booklet on money making tips and ideas, go to http://www.info4u-services.com/millionaire or click here. http://www.info4u-services.com/millionaire - but only if you are SERIOUS about getting rich!