A question was posted to the goal, “Create something that generates passive income”, which asked, “What ‘things’ give people passive income?” Here is an answer. Perhaps some of you can list some more.
Passive Income is money coming in from a business venture that you have set up so that it runs itself without requiring that you put in long hours at the office. In other words, you can remain passive while the income keeps coming in.
Things that generate passive income might include:- Published works that bring in residual income
- Owning vending machines
- Owning parking lots or storage units
- Internet storefronts or drop-ship
- Art, film, and other royalties
- Owning rental property
- Affiliate programs
Also see these goals on 43Things.com:
“Create income streams”
http://www.43things.com/things/view/86125
“Create something that generates passive income”
http://www.43things.com/things/view/251522
Other resources & articles:
Passive Income: How to Earn More and Work Less
http://entrepreneurs.about.com/od/gettingstarted/a/passiveincome.htm
Passive Income vs. Residual Income
http://www.selfstartersweeklytips.com/archives/022305.htm
8 Ways To Earn Passive Income Online
http://www.isitebuild.com/passive-income.htm
