Leveraging automation and other people’s systems can literally shave years off the growth curve of your home business. However, do not be misled by the “passive income” promises for your home business. If you are going to be successful in your business and treat it like a serious opportunity then your active involvement will of course be required. The trick is not to work harder, but smarter. Focus on results, not bragging rights!
When an income stream is passive, it means it requires little to no maintenance to keep the money flowing. Now, that doesn’t mean it can simply be completely ignored or forgotten about. No. Quite the contrary. It’s important to track every passive income stream and watch it like a hawk, no matter how automated it might be.
Here are a few good ways you can get started:
- Blogging (or video blogging)
- Publish an ebook
- Create an online course
- Become an affiliate marketer
- Real estate
- Sell digital products
- Start a photo selling business
- Become a peer to peer investor
- Build niche website or blogs
The suggestions above are some of the most interesting, however the article at Entrepreneur.com does offer a few more suggestions.
Affiliate marketing tips: