Passive Income – How to Create a Passive Income Stream
Passive income is the term used to describe the income that is generated from your efforts, without having to put in any effort. It is also known as residual income or residual income stream.
The concept of passive income has been around for quite some time. It was the basis for the concept of residual income. Residual income is the income that is received from a business that has already been established. This income is not dependent on you doing anything new.
The first thing that you need to do to make passive income is to get started. Once you have created a website or blog, you need to get traffic to it. You can get traffic by writing articles and submitting them to article directories. The traffic will come to your site, and then the work begins. You need to be consistent in your writing and posting of articles.
Once you have traffic to your site, you need to build links. There are many ways to do this. You can do it manually by getting other websites to link to yours. You can also use free tools like Squidoo and Hubpages. These are both great tools that allow you to build links and drive traffic to your site.
After you have built some links, you need to write more articles. When you write articles, you should include keywords in the title and the content. This will help people who are searching for information about your topic to find your articles.
As you continue to write articles and post them to your sites, you will start to see an increase in traffic to your sites. As the traffic increases, you will start to see more and more sales coming to your sites. As your sales increase, so does your income.
You can create a passive income stream with very little money. You just need to be willing to put in the time and effort to make it happen.