Passive income is income from businesses that need little or no work to maintain. Passive income allows you to do other things or work at your regular job while making money.
United States of America (Press Release) August 16, 2007 --
What types of passive income can i think off?
* Car wash.
* Blogging/content rich website(s).
* Windmill to generate electric power and sell it bank to the regular companys.
* Self service gas station.
* Auto surf websites (I think they are useless).
* Selling digital products with autoresponders on the internet.
* Lockers at for example train stations.
* Stocks or bonds.
* Picture booth.
* Mobile phone recharging station.
* Coin operated laundry.
* Shoe shining machines.
* Coin operated weight scale.
* Real estate.
* Nail painting machine.
* Coin operated games: dartboard/Pool table(s) /Kiddy ride /Pinball / Touch screen games / air hocky.
* Coin operated breathalyzer.
* Create a software program and ask a monthly fee.
* Golf ball washer and coin operated golf ball dispenser.
* Pay phones.
Most of the passive income sources will need an innitial investment. If the maintnence is low you could have steady income from your investment(s). The nice thing about passive income is that it needs little or no work (accept checking for results and book keeping)
Some years later there was commission selling that i did for about 6 months. One day i was in an antiques store and i asked if they had a website and they didn’t. So i offerd to sell the products they sold in the store for a commission. They where very much interested and offerd 10% of the selling price for every product sold. The concept worked exept for the fact that the products where to cheap to make a reasonable profit.
I like passive income because its fun, interesting and you can use your creativity a lot. For a simplified example: if i would have 10 picture booths and reserve money for maintnence, i could split the profits 50% for future investments 25% for savings account and 25% extra income. If you already have customers for 1 product or service chances are that the same type of customer is interested in additional products or services. Some people say its 10 times more easy to sell to a customer who has already bought from you then to a new customer. Compare that to a savings account and i think you know what i mean.
Passive income from your ebay bussiness?
It’s possible to sell digital products such as ebooks or software on ebay that sends the file automaticly after the customer has paid. Also you can automate the feedback and if you wish you can send a thank you email with a autoresponder. This can not be 100% automated because some people will ask questions about the product you sell (even if you answer their questions in the auction description)
There is always manual labor involved in generating income . The problem is that you always need to check for the results no matter how automated your business is. I don’t mind as long as i can do what i like.
http://master-passive-income.eoltt.com
What types of passive income can i think off?
* Car wash.
* Blogging/content rich website(s).
* Windmill to generate electric power and sell it bank to the regular companys.
* Self service gas station.
* Auto surf websites (I think they are useless).
* Selling digital products with autoresponders on the internet.
* Lockers at for example train stations.
* Stocks or bonds.
* Picture booth.
* Mobile phone recharging station.
* Coin operated laundry.
* Shoe shining machines.
* Coin operated weight scale.
* Real estate.
* Nail painting machine.
* Coin operated games: dartboard/Pool table(s) /Kiddy ride /Pinball / Touch screen games / air hocky.
* Coin operated breathalyzer.
* Create a software program and ask a monthly fee.
* Golf ball washer and coin operated golf ball dispenser.
* Pay phones.
Most of the passive income sources will need an innitial investment. If the maintnence is low you could have steady income from your investment(s). The nice thing about passive income is that it needs little or no work (accept checking for results and book keeping)
Some years later there was commission selling that i did for about 6 months. One day i was in an antiques store and i asked if they had a website and they didn’t. So i offerd to sell the products they sold in the store for a commission. They where very much interested and offerd 10% of the selling price for every product sold. The concept worked exept for the fact that the products where to cheap to make a reasonable profit.
I like passive income because its fun, interesting and you can use your creativity a lot. For a simplified example: if i would have 10 picture booths and reserve money for maintnence, i could split the profits 50% for future investments 25% for savings account and 25% extra income. If you already have customers for 1 product or service chances are that the same type of customer is interested in additional products or services. Some people say its 10 times more easy to sell to a customer who has already bought from you then to a new customer. Compare that to a savings account and i think you know what i mean.
Passive income from your ebay bussiness?
It’s possible to sell digital products such as ebooks or software on ebay that sends the file automaticly after the customer has paid. Also you can automate the feedback and if you wish you can send a thank you email with a autoresponder. This can not be 100% automated because some people will ask questions about the product you sell (even if you answer their questions in the auction description)
There is always manual labor involved in generating income . The problem is that you always need to check for the results no matter how automated your business is. I don’t mind as long as i can do what i like.
http://master-passive-income.eoltt.com
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