Passive Income Streams can slowly but surely make you money

At "One Million Reasons to Change The Way You Think" you will learn that anyone can make a million dollars, by following a plan and making smart financial choices.
By: 1milreasons
Dec. 12, 2013 - PRLog -- So, in the past year I have been doing alot of reading. I have come across an interesting topic. Passive Income. Basically, Passive income streams are sources of income that you initially put alot of effort into initially to create a steady flow of income.

If you create a passive income stream that generates $20 a day, some would call that a success. you may have put 5 hours of work into creating that income, that constantly pays off over time. Now think about if you could duplicate that process, and used it as a business model. if you could spend 50 hours creating these streams, that would generate $200 a day on average, or $6000 a month.

I'm sure your saying, if its so easy, why isn't everyone doing it. The answer is simple. One, people are ignorant to the possibilities of creating passive income. Two, people are not usually creative enough to devise a strong business model for creating passive income.

Luckily, there are many people who are very creative, and who have devised these plans that can be easily copied and used for your benefit.

I will give you the run down on some of these passive income streams in future posts, but until then if you would like to read the books that inspired this post, please feel free to click on the links below. You will learn alot about how you can greatly increase your income over time.

The first and one of the most successful vehicles of the passive income generator is the blog.

Blogging- There are many avenues of approach to monetizing blogs. The main issue with this is your personal ability to drive traffic to your blog. More traffic means more sales. When you have created a blog that is relevant to a group (preferably a niche group), you can begin to monetize it by using adsense.
. Another way to monetize your blog is through affiliate programs like amazon affiliate. There are excellent books that teaches you how you can start making money through Amazon Affiliate by working just an hour a day.

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donald osburn
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Tags:Passive Income, Budget, Make Money, Make Money Online, Make Money Blogging
Industry:Business, Financial
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