Passive Income - Part 2 of 6 - Commission

Ok, this one is borderline passive.

Income from commission is often easier after the initial work is completed.

For example an Insurance Agent must work to gain your business, then they have to get you the right insurance, then for the most part they wait until you call them. You keep paying your insurance bills and they keep earning commission. Most of the work was done early on.

Marketing Consultants, Bill Auditors, and Copywriters are just a few other ways to earn a residual commission by performing a service.

The key is the residual part of the commission.

Earning a percentage of sales produced buy a customer that you referred is another way to earn commission. Many big networks operate this way. For example if someone buys an Entertainment Book from me I will earn a small commission from that.

Depending on the set-up it could be multi tiered where you earn commission on multiple levels. Much like Multi Level Marketing.

Just a quick note on Multi Level Marketing. I am against any program that uses getting other people into the program as its main form of income. I don't feel right getting people to sign up for a program knowing that the only way they can make money is if they refer people into the same program.

Stop back tomorrow for Part Three. If you missed Part One Click Here.

Michael