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Passive income is income that does not require your direct involvement. Some kinds of passive income you may be familiar with include owning rental property, royalties on an invention or creative work, and network marketing. If you want to earn more, work less, and have a decent retirement, you’re going to have to start creating income streams that do not require your direct involvement. Whether you’re just starting your business, or you’ve been running it a while, the sooner you start thinking about how you are going to shift your business model to create more passive income, the sooner you can achieve personal and financial freedom. Here are four examples of Creative Passive Income.
1. E Books: Writing is one of the best methods of earning a passive income. Ebooks can be marketed directly by the author or through affiliates that link their sites to the sales site for the ebook.
2. Creative Products: There are many sites where you can create or upload creative products and have them earn an income for you over time. Zazzle and Cafepress let you design t-shirts, coffee mugs, keychains and such to sell (they manufacture it and you get a cut as a designer), while Metacafe and Revver let you upload videos of your own creation and pay you if they’re viewed by others. The best part is once you’ve uploaded your design or your video, you can just walk away and the passive income will start to flow.
3. Internet marketing: A person who is marketing various products is also able to earn a passive income on the internet. This is because the marketing person selects various products and then tries to sell these products online. Many of the internet marketers use the services of the affiliate marketers who use various methods to sell the products in return for a commission. This allows internet marketers to earn a passive income.
4. Software creation and marketing: There are many freelance software creators who market their products online through various means. This is one of the best methods of creating a stream of passive income. A software that is very useful for various activities will be useful and people will not mind paying to buy it. The product can be registered and a license created. Once this is done, every person who buys the software will pay for it creating a passive income.
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