Hayes - Passive Income Streams: Home Business Ideas for You to Make Money Online

Passive IncomeStreams
HomeBusiness Ideas for You to Make Money Online

By Marc Hayes

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The information contained in this book andits contents is not designed to replace or take the place of anyform of medical or professional advice; and is not meant to replacethe need for independent medical, financial, legal or otherprofessional advice or services, as may be required. The contentand information in this book has been provided for educational andentertainment purposes only.

The content and information contained in thisbook has been compiled from sources deemed reliable, and it isaccurate to the best of the Author's knowledge, information andbelief. However, the Author cannot guarantee its accuracy andvalidity and cannot be held liable for any errors and/or omissions.Further, changes are periodically made to this book as and whenneeded. Where appropriate and/or necessary, you must consult aprofessional (including but not limited to your doctor, attorney,financial advisor or such other professional advisor) before usingany of the suggested remedies, techniques, or information in thisbook.

Upon using the contents and informationcontained in this book, you agree to hold harmless the Author fromand against any damages, costs, and expenses, including any legalfees potentially resulting from the application of any of theinformation provided by this book. This disclaimer applies to anyloss, damages or injury caused by the use and application, whetherdirectly 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 theinformation presented inside this book.

You agree that by continuing to read thisbook, where appropriate and/or necessary, you shall consult aprofessional (including but not limited to your doctor, attorney,or financial advisor or such other advisor as needed) before usingany of the suggested remedies, techniques, or information in thisbook.

Passive Income Streams is a beginnersguide to leaving the nine to five rat race and building a financialfuture for yourself using multiple streams of passive incomedeveloped from the ground up and integrated together. Because manyof us who have started out in passive income only had very limitedresources, we will focus heavily on keeping the costs to a minimumwhile also discussing the options of outsourcing certain tasks tohelp maximize time and energy on whats truly important.

In this book, we begin by helping you learnthe basics of conducting invaluable market research prior tosetting off on your path to a passive income. This step ensuresthat valuable time is spent on viable niches and products.

From there, we will discuss five of the mostcommon passive income streams for beginners. This includes:

• Publishing eBooks on Amazons Kindle Store, AppleiBooks, Barnes and Nobles Nook, and Kobo. Also discussed is goingto print via CreateSpace, which sells your print book

• Creating a blog that targets your niche and allowsfor monetization through affiliate programs, advertising, andpromoting your other services and products.

• Developing YouTube content for ad revenue andpromoting your other platforms.

• Creating online courses and building up the audienceprior to release day.

• And creating online stores through affiliate programsand/or drop shipping to create an eCommerce setup without the needto ever ship your own products.

With hard work and perseverance, the stepswithin this guide will set you off on the right path to finallylead yourself to success in the world of earning money while youreasleep, on vacation, or working on a completely different project.Gone are the days of hustling to work in the morning; cheers towearing pajamas all day, waking up whenever you like, and havingfinancial security!

Passive Income

The concept of passive income can beexplained in fairly simple terms: earn money while you sleep. Whilepassive income doesnt mean you wont be working hard, it does meanthat the amount of money, time, and energy put into a project isnot paid back in a direct manner. Instead of being paid by thehour, you will be creating a valuable service or product and youearn your compensation down the road for hard work alreadycompleted. Hopefully, this continues to produce for an extendedperiod of time even as work has winded down on the projects.

The most obvious example of passive income isauthoring a book. An author spends weeks, months, maybe yearsputting together a great novel, a great resource guide, or someother publication that will have intrinsic value to a market. Theywork with a publisher or even self-publish the book, put marketingefforts into place, and after all this time of working without anypayment, they hope to reap the benefits in the form of royaltiespaid over an extended period of time based on sales. This is aclassic passive income stream that can be repeated as many times asthe author and/or publishers are willing to go through theprocess.

The reality of passive income is that itsnot as simple or luxurious as it sounds at first glance. However,most intelligent people should have no problem creating passiveincome streams. It requires the ability to self-motivate and beable to keep yourself afloat until your income streams allow you toleave your nine to five life, but in return, a successful passiveincome will pay hand over fist compared to the time invested. Thereis no foolproof guarantee that the work will become financiallyviable down the road, but there are ways to help ensure that aproduct is at least marketable. Some risks are smaller than others,and that makes all the difference.

In this book, well discuss severalbeginner-friendly methods of creating passive income streams thatcan be expanded upon and scaled quite easily. This includespublishing eBooks (perfect for beginners), blogging, YouTube,online courses, and opening an online shop.

The great thing about passive income in the21st century is that it is no longer limited to thosewith a healthy bankroll at their disposal. Hard work is the mainingredient. If youre willing to put in the time, you can startwith almost no money whatsoever. Of course, it would be beneficialto have some funds available, as having money to spend can simplifythe process and often improve your results.

This may be one of the most difficult thingsfor those just starting their passive income journey. It is acommon fallacy that passive income will instantly change someoneslife. It is important to remember that passive income is a longgame; it is not a get-rich quick scheme. As such, a huge part ofthe struggle for beginners, especially those whose finances arentideal, is motivating yourself to do the hard work without theguarantee of pay or pay directly related to your hourly input. Youmust stay the course. Your continued hard work will eventually payoff as long as youre able to keep yourself motivated.

Starting out, you may need more time thanyoud ever have expected. Once youve created a system that worksfor you and have found methods to scale and repeat and beginearning for all your hard work, you should see your time begin tofree up, either to work on more projects or to do the things thatare really worthwhile to you. In the beginning, youre likely goingto be working your day job and forcing yourself to work even morehours. You will need to find the time to make this work.