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

If you can reach the point where 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 the 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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I worked a traditional 9 to 5 job for many years and eventually I have burned out. Would you know what sounds like I knew I wanted more freedom and the notion of passive income became really appealing.

I'd heard of many people quitting and replacing their full-time occupation with passive income, but I had no clue where to get started.

This pursuit led me to start this site where I now make over $6,000 per month, however, this is not the only way to produce 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. Money Back Earnings With Benefits Shopping Sites12.  Create an Online Store using Drop Shipping13.

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Produce YouTube Videos15.  Start a Business and Have Someone Run it16. Purchase a Vending Machine Business17.  License Your Photos18. Produce a Cell App19. Rent Your Car for Advertisement Space20. Purchase an Existing Online Business21. Purchase a Laundromat22. Open a Batting Cage23. Item 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 that are passive, so many of which 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 so many opportunities out there to make residual income in network marketing. However, this is NOT one of these shady things. All these are legit ways for you to make money while you sleep with something that fits your passion, experience, or skill-set.

Real estate can be a terrific way to make money while you sleep. However, because it costs so much to buy a house, using a crowdfunding platform to invest in real estate can be a less expensive option.

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

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

Although they promote an option to start with $500, once you register free of charge you can browse their offerings. They really have a Student Housing REIT which has a minimum investment of $5.

Their goal is to produce real estate investing available to everyone and that is just what they are doing.

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

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

Peer-to-peer lending is when you loan additional people money who dont qualify for traditional financing. With investment returns in the 3-8% range, investing money with a company like Lending Club can get you much higher income results than a common savings or money market account.

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

This means if for any reason you need your money back, you can access it quickly and easily.

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