All of us need income for our survival.We can divide our income into two broad categories :
1) Active income
2) Passive income
Active income is the income that we make out of our work say full-time employment, working part-time, working on contracts, working as a consultant, from hobby etc. Active income basically involves our time.
Passive income is the money that flows in without doing anything - it doesn't demand our time.
In most of the cases it is the active income that slowly turns into passive income.
One best way where the active income metamorphs to passive income is through online business.
Yep!!!!!!!We're on track now..Again this post id related to blogging and making money online...
Build a blog, put adsense code, keep blogging, spread your content, build a good traffic, do some search engine optimization - All it takes to get started with this and bring the business to its full form(i.e . Making consistent monthly cheques to support our family) from Adsense might take somewhere between 2 to 5 years.
Once the business takes its full form, you're done...You get a huge passive income out of it which you can make use of for your investments, for your travel plans, for your kids education and virtually anything you want to. You can even quit your job and spend lot of time with your loved ones.This is the best passive income.
Stay tuned for many more articles on making money online. Follow the best tips and tricks.
1) Active income
2) Passive income
Active income is the income that we make out of our work say full-time employment, working part-time, working on contracts, working as a consultant, from hobby etc. Active income basically involves our time.
Passive income is the money that flows in without doing anything - it doesn't demand our time.
In most of the cases it is the active income that slowly turns into passive income.
One best way where the active income metamorphs to passive income is through online business.
Yep!!!!!!!We're on track now..Again this post id related to blogging and making money online...
Build a blog, put adsense code, keep blogging, spread your content, build a good traffic, do some search engine optimization - All it takes to get started with this and bring the business to its full form(i.e . Making consistent monthly cheques to support our family) from Adsense might take somewhere between 2 to 5 years.
Once the business takes its full form, you're done...You get a huge passive income out of it which you can make use of for your investments, for your travel plans, for your kids education and virtually anything you want to. You can even quit your job and spend lot of time with your loved ones.This is the best passive income.
Stay tuned for many more articles on making money online. Follow the best tips and tricks.
