Ways To Earn a Passive Income From Home

Many of us are familiar with the phrase “passive income.”  For some of us who are not are so familiar with it, I will carefully explain.

What is a passive income?

Rather than being paid once for the work you’re doing, you create something (or create value) so that you continue to get paid indefinitely.   For example, you write a book and it gets published.  Twenty years later you are still earning on this book because it continues to sell.  You invest money in a stock or trade, this is making you money. 

Passive income is a form of residual income.  You do the work, but after the work is done you are still collecting earnings.  Recurring revenue is probably a more accurate phrase to define passive income. 

So now think about the big picture, you work very hard of you invest your money into a project or campaign that can make that passive income, your setting yourself up for success.

So I would like to discuss a very lucrative way that is now one of the hottest on the markets and is not highly oversaturated.  Remember, the dot-com industry.  Everyone and their mother was running an online store.  Just because we had a lot of dot-com storefronts and websites, the biggest fail was too many people doing the same thing.  Trust me, I know.  I ran an e-commerce site.  When I first started I was of the only businesses selling the type of products I sold.  Eventually it became so over-saturated and more businesses from China began selling on these very same platforms, it was easy to put the small business out.  What I did from that experience was learn.  I never call anything in business a failure.  You wont succeed without trying and learning from your mistakes.  Did I really make a mistake?  Yes I did, I didn't pay attention to how the internet, technology and competitors around me were changing. 

I also have always had side projects I would work on.  Some great, some not so great.  About four months ago, I was turned on to Bitcoin Labs, Digitial Marketing Systems.  This does take some learning time.  I first joined the site and tried out the 7-day free trial membership.  As I signed up and used the 7 day free trial.  I learned my way around the website.  I also spent numerous hours reading up on materials related to bitcoin and trading.  Watching video, after video.  Because, I was offered information on this project. 

As I started I was able to recruit other individuals like myself.  I do spend several hours per day doing marketing for the site.  This is an affiliate program, unlike any other.  Trust me, if you have been in affiliate sales you know exactly what I mean.  This was one of the best choices I have ever made. 

Like the expression says: “There is no such thing as easy money”, that is very well true.  However, an expression I like to say is more smart, not hard.  This is another valuable program if you want to earn a passive income, even if you have other current projects or this is your first.  This is very easy to learn and use and is definitely another way of earning an income from the comfort of your own home office.  As with anything you do, its about the time and effort that you put into yourself, your business, and your drive and motivation.  We live in a world where we have technology right at our fingertips.  The days of the work at home scams are over.  The internet and the companies out here are providing you with ways to become self employed and make your own way in life.

 

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