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

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

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

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Item Distribution: Companies that enable individuals to become product vendors and earn a return on their customers buys are another source of passive income. As with any other type of passive income, should you invest up-front (by recruiting loyal customers), the long-term rewards can be huge!

Affiliate Programs: As an affiliate, you market a companys products or services on your site, and you get a percentage of their sale when someone clicks from your site to purchase it. If your site gets a lot of traffic, you can earn a penny from 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 a corporate occupation is, no matter how hard you work, no matter how fantastic you're in your job, no matter how much additional time you log, 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 limitations. Want to earn 7 figures Then start investing!

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

In part three of this series we will 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 large differences between residual income and passive income income.Before I move onto a part of the Residual Income Series. .

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First, lets take a look 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 made. With passive income the person does not need to be involved with the money they are making.

Residual income includes payments you will get after a purchase. Usually these payments are agreed upon in advance and will continue long after the purchase. A fantastic instance of this is royalties that someone gets to get a movie or book. They only write the movie 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 job.

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Earning income can eventually turn into passive income with time, since you can eventually earn money without doing an excess work. . linked here

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 methods to earn residual income. It usually involves a fee which needs to be renewed each month or week, which will make it possible for you to continue to make money after the initial sale.

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-MLM Network Marketing: Using MLM network marketing you will recruit representatives to go outside and find new customers. You'll get paid a percentage for each sale that 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 by the parent company, you might will have to do some job to take advantage of it.

If you can reach the point where 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 the series we'll get into more detail about how to make residual money with MLM network marketing. If you want to know more about to earn a residual income, click here to learn more. .

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