Comments on: What is Passive Income and Why You Want It http://www.themillionaireblog.com/what-is-passive-income-and-why-you-want-it/ Give Generously. Spend Wisely. Invest Consistently. Wed, 23 Sep 2009 08:59:48 +0000 http://wordpress.org/?v=2.8 hourly 1 By: Alexander Kintis http://www.themillionaireblog.com/what-is-passive-income-and-why-you-want-it/comment-page-1/#comment-101 Alexander Kintis Mon, 10 Oct 2005 04:02:49 +0000 http://www.themillionaireblog.com/?p=106#comment-101 Regarding, passive income; Automation is key. Having a website where the content is dynamically generated, by users for example, is a type of "passive" content generation. Now, if this were to be incorporated with the owner having a type of item, product, etc., to sell...voila! The key here is leaning away from the service side where the owner would have to provide a direct service, and more towards the side of reuse. Create something and put it out there to sell. There are many ways to consider this "reuse" concept whether it be with advertising, selling, marketing, etc. Can anyone else think of any others? There are tons! Regarding, passive income; Automation is key.

Having a website where the content is dynamically generated, by users for example, is a type of “passive” content generation. Now, if this were to be incorporated with the owner having a type of item, product, etc., to sell…voila!

The key here is leaning away from the service side where the owner would have to provide a direct service, and more towards the side of reuse. Create something and put it out there to sell.

There are many ways to consider this “reuse” concept whether it be with advertising, selling, marketing, etc. Can anyone else think of any others? There are tons!

]]> By: Buzzoodle Ron http://www.themillionaireblog.com/what-is-passive-income-and-why-you-want-it/comment-page-1/#comment-98 Buzzoodle Ron Sun, 09 Oct 2005 03:09:51 +0000 http://www.themillionaireblog.com/?p=106#comment-98 Several areas that have good residual income are telecommunications and financial transactions processing. If you can survive the first few years, things get easier. Several areas that have good residual income are telecommunications and financial transactions processing. If you can survive the first few years, things get easier.

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