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Since the entrepreneur has already prepared the content, they all need to do is watch the money roll in (obviously, only after theyve gained a following and marketed the hell out of themselves)!

In the electronic era, knowledge is powerand money. Selling your knowledge through online merchandise is big business. Why not tap into it

Obviously, the selling of manufactured goods or merchandise is an age-old source of income, but can it be passive income it might be, depending on the business model. Two of the most common sources of passive income through merchandise sales are:

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Product Distribution: Companies that enable individuals to become merchandise vendors and earn a return on their clients buys are another source of passive income. As with any other sort of passive income, if you invest up-front (by recruiting faithful clients ), the long-term rewards can be enormous!

Affiliate Programs: As an affiliate, you market a companys products or services on your site, and you get a percentage of the selling when someone clicks from your site to buy it. If your website gets a lot of traffic, then you could earn a pretty penny from affiliate links!

That is exactly what dreams are made of. Youre making money even when you arent doing anything. This means that even if youre sick, traveling, or dont feel like working, the money youre your passive income source(s) continues to roll in.

The thing about earning money from your corporate occupation would be, no matter how hard you work, no matter how fantastic you're in your work, no matter how much additional time you log, then there will always be a limit to your incomethats the term salary cap exists.

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Unlike your company salary, passive income has no limits. Want to earn 7 figures Then begin investing!

Curious how to produce passive income for you Contact us at -LRB-858-RRB- 837-1505 or even www.sixfigureprofession.com for more information about how Six Figure Profession can help you gain financial freedom.

In part three of the series we'll discuss the differences between remaining income and passive income. Both of these terms are often used interchangeably, but in fact they are not the same thing. There are some similarities, but there are also some large differences between remaining income and passive income.Before I proceed onto part of the Residual Income Series. .

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First, lets take a look at what passive income is. Passive income essentially includes any money that you make without doing any work. Often times this money comes from investments of time or money which you've made. With passive income the person does not have to be directly involved with all the money they are making.

Residual income includes payments you will receive after a sale. Usually these additional reading payments have been agreed upon in advance and will continue long after the sale. A fantastic example of this is royalties that someone gets for a film or book. They only his comment is here write the film or book once, but it can continue to be sold and resold again and again, which permits you to continue to make money from your work.

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Residual income can eventually turn into passive income over time, since you can eventually earn money without doing an extra work. .

Now that you know the differences between passive and residual income, It's time to learn about some of the most common methods people use to earn residual income:

-Selling products online: This is one of the most common methods to earn residual income. It normally involves a fee which has to be renewed each month or week, which will allow you to continue to create money after the initial sale.

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-MLM Network Marketing: Using MLM network marketing you will recruit representatives to go outside and find new clients. You will get paid a percentage for each sale that they make, which permits you to make residual income even after the recruitment is finished.

-Affiliate Programs: Affiliate programs often fall in between passive and residual income. Although much of the groundwork has by lain by the parent company, you might will need to do some job to take advantage of it.

If you can get to the point where you are earning passive or residual income (or both) then you know things are going right.

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Making residual income with MLM marketing will take some time, bit it's definitely possible. In part four of this series we'll get into more detail about how to make residual money with MLM network marketing. If you want to know more concerning to earn a residual income, click here to learn more. .

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