Passive Income - Part 6 of 6 - The Work Of Others

This is the final article on Passive Income Please feel free to leave your comments and suggestions. If this is your first time reading my Passive Income article, please start with Part One.

This is my personal favorite form of passive income. Making money from the work other people do.

A business hires employees to do specific tasks (also known as "Work"). These people who do "Work" can make money for you. In many cases the business make more money then they pay their employees. For example say I open a small coffee shop. Then I hire enough employees to have 3 working during busy hours and 2 during slow hours. One manager on each shift. As the coffee shop owner I would still have some work to do, but even while I am away from the shop it is still making money. In this example the coffee shop managers and employees are doing the work to make money for the business owner.

With an MLM downline or Network Marketing downline you profit from the work of others. This is normally in the form of a teired commission structure. In this example the downline is doing work to make money for the upline. I am not a big fan of MLM or network marketing.

A General Contractor takes on big projects and hires out each of the individual pieces. Other people do the work, but the General Contractor makes money from their work. Like the business owner above, there is some work involved, but think about the big picture. In this example the individual workers and businesses do the work to make money for the general contractor.

This is my number one idea of passive income. Hiring others to create digital information products that you market and sell as your own. For example, Use a freelance website like Elance or RentACoder to hire someone to write an ebook for you. Then build a webpage to sell that ebook. After the sales page is tested then list it on ClickBank and let others sell it for a commission. Other people wrote the ebook and other people will sell it for you. It takes some work to do the initial research and marketing. Once the system is in place, there is very little work to do. In this example the writer and affiliate promoters do the work to make money for the person who came up with the idea and put the system together.

I hope you liked my series on Passive income. Based on the feedback I got so far I will try to put out another series on income in a couple weeks. If you found this series helpful, please feel free to leave a donation using the button on the right.

As with all things in life there are no guarantees that you can or will earn any money from the information presented in this series or on this site.

Take Care,

Michael