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Since the entrepreneur has 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 themselves)!

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

Of course, the selling of manufactured products or merchandise is an age-old source of income, but is it passive income it might be, depending on the business model. Two of the most common sources of passive income through merchandise sales are:

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Item Distribution: Companies that enable individuals to become merchandise 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 loyal customers), the long-term benefits can be enormous!

Affiliate Programs: As an affiliate, you promote a companys goods or services on your website, and you get a percentage of the sale when someone clicks from your site to buy it. If your website gets lots of traffic, you could earn a pretty penny from affiliate links!

This is 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 a corporate job would be, no matter how hard you work, no matter how fantastic you're at your work, no matter how much extra time you log, there'll always be a limitation to your incomethats the word salary limit exists.

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

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In part three of the series we'll go over the differences between residual income and passive income. These two discover here terms are often used interchangeably, but in reality they are not the same thing. There are some similarities, but there are also some large differences between residual income and passive imp source income.Before I proceed onto a part of the Residual Income Series. .

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

Residual income includes payments you will get after a sale. Usually these payments have been agreed upon in advance and will continue long after the sale. A fantastic example of this is royalties that someone gets to get a movie 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, as you can eventually earn money without doing an excess work. .

Now that you know the differences between passive and residual income, it is time to learn about some of the most common methods individuals use to earn residual income:

-Selling products online: This is one of the most common methods to earn residual income. It usually involves a fee which has to be renewed each month per week, which will allow you to continue to create money after the initial sale.

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-MLM Network Marketing: With MLM network marketing you will recruit representatives to venture out and find new customers. You will get paid a percentage for each sale they make, which permits 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 by lain from the parent company, you might will have to do some job to take advantage of it.

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

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