Does anyone know what passive and residual income are and how to get it?
Tuesday, June 29th, 2010 at
12:25 pm
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Tagged with: gas well residual income
Filed under: Passive Income
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StephenDoughty8840 (25)
ray @ how to make... (1)
maybe
mark k
yes like an interest in an oil or gas well that some one else manages
i work full time in a hotel and part-time my home business, in my first month i´ve earn $235 and the second $1.275, All following a simple business plan step-by-step.
Passive/residual income is money you make from something you are not actively working at. For example, if you take photographs and post them to a microstock photography site, you will get residual income every month as people buy the photos without you having to do any work that month.
There are tons of ways to set up residual income – writers get residual income from royalties, affiliate marketers get residual income when people buy things through their affiiate ads, etc.
You can also earn residual income through investments- putting money into a savings account actually gives you a small passive income from interest each month. Investing in a company is more risky but offers a much larger potential return.