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

If you can reach the point at which you are earning passive or residual income (or both) then you know things are going right.

Making residual income with MLM marketing will take a while, bit it's definitely possible. In part four of this series we will 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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I worked a traditional 9 to 5 job for many years and eventually I got burned out. Would you know what sounds like I knew that I wanted more freedom and the notion of passive income became really appealing.

I had heard of many people quitting and replacing their fulltime occupation with passive income, but I had no clue where to start.

This pursuit led me to start this site where I now make over $6,000 a month, but this is not the only way to make residual income.

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Table of ContentsWhat exactly is passive incomePassive Income Ideas1. Invest in Crowdfunded Real Estate2. Dividend Income3. Peer-to-Peer Lending4. Eliminate Debt5.  Open a High-Yield Account6. Compose a Book7. Rent out a Room in Your House8. Affiliate Marketing9. Produce a Lead Generation Website10. Sell Products on Amazon11. Cash Back Earnings With Benefits Shopping Sites12.  Create an Online Store with Drop Shipping13.

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Create YouTube Videos15.  Start a Business and Have Someone Else Run it16. Buy a Vending Machine Business17.  License Your Photos18. Create a Cell App19. Rent Your Car for Advertisement Space20. Buy an Existing Online Business21. Purchase a Laundromat22. Open a Batting Cage23. Product Design24. Bond or CD Laddering25. Rent Your Own StuffSummary.

Passive income is where you get paid over and over again for work which you did once. I have multiple income streams which are passive, so many of that I will mention below.

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By choosing the ideal sources of passive income, you can invest your time the way that you want to. Passive income is a way of buying back more time.

There are many opportunities out there to create residual income in network marketing. Nonetheless, this is NOT one of those shady things. All these are legit means for you to make money while you sleep with something that satisfies your passion, experience, or skill-set.

Real estate can be a great way to generate money while you sleep. But because it costs so much to purchase a home, using a crowdfunding system to invest in property can be a more affordable option.

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If you want an easy, low-cost method to invest in income-producing commercial property, consider using a company like Fundrise.  You only need $500 to get started and you can invest in more than 48 real estate products through property investment trusts.

Another company to consider is Rich Uncles as you can begin investing in real estate with as small as 5.

Even though they promote an option to start with $500, once you enroll for free you can navigate their offerings. They actually have a Student Housing REIT that has a minimum investment of $5.

Their intention is to make real estate investing accessible to everyone and that's exactly what they are doing.

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Dividend income is money paid to view website investors of stocks in the shape of cash in your bank account. Dividend-paying stocks are particularly enticing for individuals wanting to make a living with passive income, since they'll get payouts every quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks. .

If you're going to go this route, make sure that you educate yourself and pick solid stocks so you can depend on for dividend income for many years to come.

Peer-to-peer lending is when you loan other people money who dont qualify for traditional financing. With investment returns in the 3-8% range, investing money using a company like Lending Club can get you a lot greater income outcomes than a typical savings or money market account.

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If you are looking for a lower risk option, check out Worthy. They offer $10 bonds and cover a 5% return. One unique thing about these is that your money is liquid, so that you can take it out at anytime.

This means if for some reason you need your money back, you are able to access it quickly and easily.

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