Complete Guide on How to Start Earning Passive Income

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    11-Aug-2015

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  1. 1. Complete Guide on How to Start Earning PassiveIncomeToday people need extra income rather than their main source of income. We can termPassiveincome is an income received on a regular basis, with little effort required to maintain it. Thistype of income can be in any form like part time jobs, investment, stock exchange, etc. Passiveincome is a source of income which comes to a person through his extra work. This kind ofincome is necessary for a common man to survive.All the things are becoming costly and out of reach for middle class people. Just with their jobincome its hard to survive. Nowadays mostly all the elder members of our family are workingto earn and help their family to fulfill all the basic needs for them as well as their children. Forfulfilling other requirements of the family they need to have some other source of income andthis type of income is known as passive income.How can we manage time?This source of income helps the individual to get a good earning and secure their family withsome of their need. We all have 24 hours a day, this hours are important for us we usually havea job of 9 hours, rest of the time we basically eat, sleep and do some household related work. Ifwe take couple of hours from this schedule then we can invest these hours in doing someproductive work for someone and earn from it.What are the types of job which can be done to earn passive income?There are many ways to earn passive income its all about the area of interest that where youwant to invest your time and how you want to manage the work. The main thing is that whiledoing this kind of work you should enjoy the work and do it with full enthusiasm. Few workswhich helps us in earning passive income are as follows:Making a websiteArticle writingData entry operatorWriting books that pays royaltyInvesting in stockReal estateDirect selling
  2. 2. By this kind of job even you can get many projects if you are accurate with it and even by thissource of passive income you can get paid high and you can grow well and make handsomemoney.Why to Go for Passive Income?There is an old saying dont put all eggs in one basket, everyone must have heard this saying.That means, if you will place all eggs in one basket, if anything bad will happen to one egg, itwill destroy all eggs in the same basket. Same apply here too. It is better to have more than onesource of income always, and there one can apply this saying.If one is doing Job, There must be some other source of income from which she can earn someextra money after spending 2-3 hours a day. So that, even if in worse case, anything happens toyour Job, your passive income source will be there.How Passive Income Term differs from Part Time Income:Mostly passive income source are such sources, through which you can earn smart money. Theform of earning is mostly automatic or semi automatic. That means you dont need to putcontinuous efforts to earn money if you have right passive income source. For example ahandsome bank balance can be your passive income as once you have good money in yourbank account; you will get good interest every month. Now month to month and Year to yearyou dont need to work extra to get that interest, its just, you need to have good bank balanceand you have to maintain it. This is a simplest form of passive income source.In this way, passive income is automated or semi automated income in least minimal effortsand time. The only trick here is to find out all possible way of passive income sources and startworking on it.Purvi Pritesh shah diamond director in oriflame offering work from home businessopportunities to all. She is working with oriflame and since last 10 years and she becomesuccessful business women entrepreneur. To know more join us today.