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Last week, I traveled to beautiful San Diego for business and
spent the day in a hotel restaurant that overlooked the harbor.
With laptop in tow and cell phone in hand, I worked, without
hassle.
As the sun set, I took a stroll and it occurred to me that
technology and the crazy pace of our world has caused us to work
24/7. Life's way too short for that.
But, Passive Income holds the answer.
Passive Income means that you earn money while you enjoy the
beach, golf or the mall.
Pursue these 5 Ways to Generate Passive Income:
1. Real Estate Investing Acquire a building; then you can
collect rent. Other than maintenance and managing tenants (and
you can outsource these activities if you like), rent is pure
passive income.
2. Sales - Good Old Fashion Selling As a longtime sales
professional, I like this flavor of passive income. Depending on
the commission plan, you can establish an account, close sales
now, and earn commissions for years to come. The key to earning
passive income is the "tail." In other words, once you close an
account, how long will the House pay you commissions?
3. Intellectual Property (copyrights and patents) As a
copywriter, I continuously create written materials. Once we
publish a work we can earn profits for years. Consider my
bestselling booklet '157 Ways to Cut Your Grocery Bill.' We
launched the original edition in 2002, which generated an
instant increase in sales and still rolls in today. Once you do
the work up front, you can earn money for years.
4. Ezines and Electronic Newsletters My company newsletter,
Publishing Gold, includes some kind of promotion in almost every
issue. Sometimes we include the promotion in the Editor's Note,
and other times we include a Link at the bottom of an article.
We also post our most popular articles on our Website and
include the link to the sales page. These efforts generate
effortless passive income.
Even if you are not a writer, you can find freelance writers at
reasonable rates; in fact that is one of the services our
company offers. Writers can create content for you; or they can
ghostwrite, which means you become the author. You can search
for "Freelance Writers" and "Ghostwriters" online.
You can find articles (content) for reprint by doing a search
for "Article Directories," "Ezine Content," "Ezine Articles" and
"Article Libraries." Reprint content that will interest your
audience. Be sure to get permission to reprint first, and print
the author's byline exactly as required (you'll usually find the
reprint requirements on the Websites).
5. Affiliate Programs on the Internet Today, you can create
your own passive income stream by creating a Website and
offering products for sale. You don't even have to create
product; you can license or promote other manufacturers' or
distributors' products. Become an "Affiliate" and then promote
other companies' products on your Site. When your members,
subscribers or associates make a purchase, the company pays you
a commission. With ecommerce, it's easy and there's no labor
involved. All the work is completely automated online through a
shopping cart or affiliate program. And that's a beautiful thing.
Are you pressed for time? Short on funds and long on expenses?
Looking to retire early with confidence?
Then Passive Income Holds the Answers for YOU.
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Eric Gelb, MBA & CPA, is a marketing and copywriting expert and
editor of http://www.PublishingGold.com
. You can contact Eric directly at PublishingGold@yahoo.com
. To learn more about How to Generate Passive Income, visit: http://www.profcs.com
/app/?af=338759
About the author:
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