How to Create Multiple Streams of Income with Passive Income

You may have heard of Residual or Passive Income or Multiple Streams of Income by famous and Millionaire Entrepreneurs such as Robert T. Kiyosaki's book "Rich Dad, Poor Dad" and his "Cash Flow Quadrant" or Tim Ferris' "The 4 -Hour Workweek" Book, or from Pat Flynn's "Smart Passive Income" Blog and Podcast.

My Story

I accidentally stumbled upon "Passive or automated Income Streams" back in 2010, when I started posting my Travel Photos on Fine Art America. It felt great when I made sale after sale earning $40-$80 on each large print photo that was sold on this amazing Website for Artists and Photographers. They actually printed and sent Photos as Posters, on Canvas, Metallic Paper, even add frames, and many other Options including on different types of Products like Clothing, Cups, Pillows, Jewelry, Blankets, Phone Cases, and more. You can check out my other LinkedIn Article "Print-on-Demand Sites you can sell your Art and Photos on". It was such a relief being able to quit my 2nd job.

Then I had my tragic car accident in 2011 that nearly killed me and I could barely walk for 2 years. After quitting my Nursing job, I started researching other ways to make money Online. I really enjoyed being a "Laptop Entrepreneur", working in my PJ's from Home and even worked from the beach. I learned how to create professional websites, and one by one I created 20 Different Online Businesses and after a few years was making a 6 figure income. I am now in the "B & I" Quadrant and I am here to teach you how you can do the same.

PASSIVE or RESIDUAL INCOME Explained

This type of Income can be created after you set up your sites, add the information, recordings, books, photos, designs or products. Then you can make automated Income that required very little maintenance or updates, and can create income while you sleep 24/7. Wikipedia defines passive income as income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

Work Income vs Residual Income

Passive or Residual Income Streams

Here are 8 Examples, but I will be adding more!

1. ROYALTIES - Receive a percentage of the income earned from digital products sold, such as your book, music, videos, photographs or from your art.

2. PRINT-on-DEMAND Platforms - You can earn Commission from Sites that Sell your Photos or Art on Products.

3. AFFILIATE MARKETING (< check best sites in my article) After you create a Professional Website or Blog you can add banners, pictures and links as an Affiliate Marketer, and earn commission from an Online Retailers, just for promoting their products on your site and creating traffic and sales generated from referrals.

4. ONLINE COURSES - Create your own Online Courses by creating instructional videos, and course materials, or go to Udemy (< read my LinkedIn article, which includes other popular platforms too) and upload your course for people to buy online, who want to learn skills you are teaching. You will receive payments every time a student purchases your course.

5. FREELANCE WRITING - You can set up your Paypal account or automatic Payment to your bank account after completing Writing Jobs or Gigs. Some send checks too. In my "Writing" article I share different types of Writing Jobs, how to self-publish your own book, write for Forbes and interviews with 3 Millionaire Bloggers.

6. ONLINE INVESTMENTS - Earn Dividend on stocks that have high-yield dividends. I personally love using AMERITRADE , but there are other Online sites you can explore. Just be careful to thoroughly research the history of each Stock or Mutual Fund. I will write and share a NEW article on Investing Online soon (adding the Link) and share how I earned over 40% on stocks like Amazon and Square (UPDATE! I made 78.12% on Square on 12-24 and had bought $10K worth so just made $8,712 in 1.5 months on 1 stock).

You have to keep in mind you need to buy them when they drop and are low (mid Feb. 2018), and sell them when they are high (right now are the biggest shopping days).

I will also cover D.R.I.P.S. or Dividend Reinvestment Plans you can buy cheap, in upcoming LI Article.

7. Create an ONLINE or Ecommerce STORE though SHOPIFY or AMAZON

8. Create an APP - There are a number of apps that help people daily. Someone created them and many buy them. You can create an app that has something of value. If you are not very techy or don't have knowledge in app creation, you can create apps through websites like Bubble or other TOOLS.

9. Some of my friends enjoy taking FREE Surveys and either earn points towards gift cards or earn cash. Check out: Swagbucks, MintVine, Toluna, Vivatic, My Survey, Crowdology, Valued Opinions, YouGov, i-Say, Global TestMarket, Populus Live, OpinionOutpost, iPoll, Hiving or check out your Phone Apps for Surveys.

10. 170+ FREELANCE Job Websites - Various Job Opportunities

More PASSIVE INCOME (click on pictures then click on Read it) &

MULTIPLE STREAMS OF INCOME ideas!

Do your RESEARCH so whatever Source of Income you Create, is something you believe in, use and that fits into your Lifestyle. Build one at a time, add SEO or Search Engine Optimization to attract thousands of Customers to your Website and rank high on the Google Search Engine as well as use at least 3 Social Media Platforms like LinkedIn, Twitter, Instagram, Facebook Groups and Google+ to share your Website and special deals, books you wrote, etc... and share your Products or Services get your Message out!

"Make sure to create several Sources of Income, because like with Investments, you don't want all your "Eggs in One Basket", just incase one source dries up or is not doing as good as the others. You always want money coming in from various Sources." - Sheila Kay McIntyre

I wish you much Success!

Sincerely,

Sheila Kay McIntyre,

CEO of 20 Online Businesses aka SKM Global Enterprise

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