To build a successful business, you should have both passive and active income streams coming in. What is active income? Active income is simply trading your time for money. More than likely, you are doing this right now. When you have a job and you go to work for eight hours, and you get paid an hourly rate or salary, this is active income. If you do comedy or you are in a band, when you go to a gig that actually pays you, this is also active income.
Passive income on the other hand, does not depend on you being at a certain place or putting in a set amount of time to earn money. The actors that make all the films you wish you were in earn passive income every time somebody goes to the movies or buys a DVD. Authors earn passive income every time somebody buys a book.
If you want to earn money the smart way, start some passive income streams.
My website actually earns passive income from Google Adsense. You can earn passive income this way as well. Here are some other ways you can earn passive income:
3. Affiliate Programs
In the upcoming months, I am going to start other passive income streams using these methods. My next project is going to be an Ebook on how to attract women. It's going to be full of awesome information you can't get anywhere else. Stay tuned!