There have never been more passive income
opportunities than there are today. Thanks to the Internet,
passive income no longer has to be a dream, but can easily become
a reality.
Passive income can be basically defined as
income that you don’t actually do anything to get. In the past,
this most often meant owning rental properties or being a silent
partner in a business.
Another way people did, and still do, create
passive income was through direct sales. They would start selling
a product such as Avon, Tupperware or Amway and recruit others to
sell as well.
In exchange for bringing people into the
business, they’re given a percentage of any sales those people
make. This, then, enabled them to stop actively selling the
product and still make significant amounts of money.
With the advent of the Internet, though,
opportunities for passive income has broadened and become easier
than ever to develop.
A person can now write articles or ebooks that
can generate passive income for years. Someone can even sell the
rights to their written products and only take a small to moderate
commission on future sales of those products by others to create a
wonderful ongoing passive income opportunity.