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Passive Income StreamsHome Business Ideas for You to Make Money Online
By Marc Hayes
All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.
The information contained in this book and its contents is not designed to replace or take the place of any form of medical or professional advice; and is not meant to replace the need for independent medical, financial, legal or other professional advice or services, as may be required. The content and information in this book has been provided for educational and entertainment purposes only.
The content and information contained in this book has been compiled from sources deemed reliable, and it is accurate to the best of the Author's knowledge, information and belief. However, the Author cannot guarantee its accuracy and validity and cannot be held liable for any errors and/or omissions. Further, changes are periodically made to this book as and when needed. Where appropriate and/or necessary, you must consult a professional (including but not limited to your doctor, attorney, financial advisor or such other professional advisor) before using any of the suggested remedies, techniques, or information in this book.
Upon using the contents and information contained in this book, you agree to hold harmless the Author from and against any damages, costs, and expenses, including any legal fees potentially resulting from the application of any of the information provided by this book. This disclaimer applies to any loss, damages or injury caused by the use and application, whether directly or indirectly, of any advice or information presented, whether for breach of contract, tort, negligence, personal injury, criminal intent, or under any other cause of action.
You agree to accept all risks of using the information presented inside this book.
You agree that by continuing to read this book, where appropriate and/or necessary, you shall consult a professional (including but not limited to your doctor, attorney, or financial advisor or such other advisor as needed) before using any of the suggested remedies, techniques, or information in this book.
Passive Income Streams is a beginner’s guide to leaving the nine to five rat race and building a financial future for yourself using multiple streams of passive income developed from the ground up and integrated together. Because many of us who have started out in passive income only had very limited resources, we will focus heavily on keeping the costs to a minimum while also discussing the options of outsourcing certain tasks to help maximize time and energy on what’s truly important.
In this book, we begin by helping you learn the basics of conducting invaluable market research prior to setting off on your path to a passive income. This step ensures that valuable time is spent on viable niches and products.
From there, we will discuss five of the most common passive income streams for beginners. This includes:
Publishing eBooks on Amazon’s Kindle Store, Apple iBooks, Barnes and Nobles Nook, and Kobo. Also discussed is going to print via CreateSpace, which sells your print book
Creating a blog that targets your niche and allows for monetization through affiliate programs, advertising, and promoting your other services and products.
Developing YouTube content for ad revenue and promoting your other platforms.
Creating online courses and building up the audience prior to release day.
And creating online stores through affiliate programs and/or drop shipping to create an eCommerce setup without the need to ever ship your own products.
With hard work and perseverance, the steps within this guide will set you off on the right path to finally lead yourself to success in the world of earning money while you’re asleep, on vacation, or working on a completely different project. Gone are the days of hustling to work in the morning; cheers to wearing pajamas all day, waking up whenever you like, and having financial security!
Income Stream #1: Publishing eBooks
Income Stream #2: Blogging
Income Stream #3: YouTube
Income Stream #4: Create an Online Course
Income Stream #5: Online Store
Layering Your Income Streams
The concept of passive income can be explained in fairly simple terms: earn money while you sleep. While passive income doesn’t mean you won’t be working hard, it does mean that the amount of money, time, and energy put into a project is not paid back in a direct manner. Instead of being paid by the hour, you will be creating a valuable service or product and you earn your compensation down the road for hard work already completed. Hopefully, this continues to produce for an extended period of time even as work has winded down on the projects.