The situation of man in today's world is so severe that money has become such an important thing in our life these days that many people have started to think that money is even more important than food, water and pure oxygen! Who is wrong here? It is not the case of wrong or right of just one person. The seeds for such a situation were sown several centuries ago and today it has reached its worst stage. Earning income is the primary goal of all people in world today. There are different ways of earning income, but people like to earn something by doing very less work. Hence passive ways to earn income are becoming popular.
There are a large number of ways of earning passive income these days. Some of such ways are:
A creative writer can earn billions of dollars by writing a book about something interesting. Fictions and children's story books are always sold in very large numbers all over the world. Harry Potter series of books written by J K Rowling are the best examples for such children's story books. Along with such books, books related to cuisine, science and technology, physics etc are also sold like hot cakes. This may not be a 100% passive income, but once you earn a substantial amount of money, you will never have to look back.
Commission earned by insurance agents is another best example for passive income. Whenever a customer renews his policy, this provides commission to agent.
A photographer can earn money by making his photos available online. There are several world-famous wildlife photographers who have reached every corner of the world with their camera. Wildlife photography is in fact the most wonderful and profitable business.
Owner of a big hotel or restaurant also earns substantial income without his direct involvement in every matter of hotel. Even though he is directly responsible for anything and virtually everything that happens in that hotel, he needn't to worry too much about it, provided that he has a trustworthy manager.
Marketing consultants are in great demand today. There are some large multinational companies which hire well-trained and skilled marketing consultants. These people are paid based on performance and sometimes based on contract of their services.
There are certain other jobs, which help one to earn Leveraged income. Leveraged income means learning income by creating opportunities for ourselves based on the work of other people. Some of such jobs include:
An e-book seller, who sells e-books written by someone else. This creates income opportunities to both writer and seller.
There are several general contractors, who earn huge profits by making a profit margin on work done by other sub-contractors.
Network marketers earn money by building their own down-lines. They also earn commission based on sales made by those people who are there in his down-line.
Thus there are innumerable ways of creating a passive income source. The only thing is that one must have the keen eyes and mind to observe such opportunities.
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