Every online entrepreneur strives to generate passive income. Passive income is money that comes in any time of the day or night -- 24 / 7 / 365.
The idea is that you create a system, often online (like a website) that automates the sale of your product or service. Or generates income from advertising on your site that is seen and clicked on from high volumes of traffic. Passive income can even be a product you create once (like an ebook or web-based software) and sell over and over again and again online with your automated selling system.
In any case, passive income usually requires you to initially set up some sort of selling system, but once that system is set up and marketed, sales and monetary transactions can take place without a need for you to actually be involved for that transaction to occur.
If you’re looking to learn more about passive income and begin generating your own, check out Dreaming2Win.com, sign up with your email address and get a free guide to generating passive income quickly.
Posted by Nick Venturella
Tiny Career Blog
Tiny Career is a site about entrepreneurs and small businesses learning how to grow while promoting what they do.