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Since the entrepreneur has already prepared the content, they all need to do is watch the money roll in (of course, only after theyve gained a following and marketed the hell out of these )!

In the electronic era, knowledge is powerand money. Selling your knowledge through online products is big business. Why not tap into it

Obviously, the selling of manufactured goods or products is an age-old source of income, but is it passive income It could be, depending on the business model. Some of the most common sources of passive income via product sales are:

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Product Distribution: Companies that enable individuals to become product distributors and earn a return on their customers purchases are another source of passive income. As with any other type of passive income, if you invest up-front (by recruiting faithful clients ), the long-term benefits can be enormous!

Affiliate Programs: As an affiliate, you market a companys products or services on your website, and you receive a percentage of their sale when someone clicks from your site to purchase it. If your website gets a lot of traffic, you can earn a pretty penny out of affiliate links!

That is exactly what dreams are made of. Youre making money even when you arent doing anything. This means that even if youre sick, traveling, or dont feel like working, the money youre your passive income source(s) continues to roll in.

The thing about earning money from your corporate job would be, no matter how hard you work, no matter how fantastic you're at your job, no matter how much extra time you log, then there'll always be a limit to your incomethats why the term salary cap exists.

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Unlike your company salary, passive income has no limits. Want to earn 7 figures Then begin investing!

Curious how to produce passive income for you Contact us at -LRB-858-RRB- 837-1505 or even www.sixfigureprofession.com for more information about how Six Figure Profession can help you gain financial freedom.

In part three of this series we'll discuss the differences between residual income and passive income. Both of these terms are often used interchangeably, but in fact they are not the exact same thing. There are a number of similarities, but there are also some big differences between remaining income and passive income.Before I move onto a part of the Residual Income Series. .

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First, lets take a peek at what passive income is. Passive income basically includes any money you earn without doing any job. Often times this money comes from investments of time or money that you have already made. With passive income the person does not need to be directly involved with all the money they are making.

Residual income includes payments that you will get after a purchase. Usually these payments have been agreed upon in advance and will continue long after the sale. A fantastic instance of this is royalties that someone gets for a film or book. They only write the film or book once, but it can continue to be sold and resold again and again, which allows you to continue to create money from your work.

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Residual income can eventually turn into passive income with time, since you can eventually earn money without doing an extra work. .

Now that you know the differences between passive and residual income, It's time to learn about some of the most common methods people use to earn residual income:

-Selling goods online: This is one of the most common ways to earn residual income. It normally involves a fee which needs to be renewed each month or week, which will allow you to continue to make money after the initial sale.

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-MLM Network Marketing: Using MLM network marketing you'll recruit representatives to venture outside and find new clients. You'll get paid a percentage for each sale that they make, which allows you to make residual income even after the recruitment is finished.

-Affiliate Programs: Affiliate programs often fall in between passive and residual income. Although a lot of the groundwork has already by lain from the parent company, you might will need to do a little bit of work to take advantage of it.

If you can get to the point at which you are earning passive or residual income (or both) then you know things are going right.

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Making residual income with MLM marketing will take some time, bit it is definitely possible. In part four of you can check here this series we will get into more detail about how to earn residual money with MLM network marketing. If you want to know more concerning to earn a residual income, click here to learn more. .

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