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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