Passive Income: The Key To The Perfect WAH Life

Working it home can sometimes be a job that requires double shifts. When you’re working for yourself, though, you’re typically not anxious to clock out for the day because you often LOVE what you do and find it exciting. The key to a great work at home life is balance between work time and personal time and a great way to have more time without sacrificing earnings is passive income.

Passive income means that you don’t have to work for every penny you get. You can set up a work at home business that makes you money while you sleep. That may sound like a sales pitch but it’s a reality for many smart business people. A bit of work is done now but instead of just being paid once, you get residuals. Here are some examples of online passive income opportunities:

Affiliate Marketing

Help other people sell products and they’ll pay you a commission. You don’t have to handle products or money, you just direct people to a place where the product owner does the selling. Here’s an example of a program that can teach you how to do affiliate marketing.

Write Articles for Revenue Sharing

A lot of big sites make money from advertising and they are hungry for fresh content so will share the revenue they earn with people that write those articles. Sites like eHow and Bukisa pay you and sites like Bukisa pay you when you sign other people up by sharing revenue from that writer with you as well.

Online Stores

When you set up an online store, you can do it so that you never have to handle a product. This is called drop shipping and there are dozens and dozens of wholesalers that will supply customers with products and pay you a commission because your ‘online store’ generated the sale. There are easy templates available to help you build a store and a professional looking one at that without you ever having to worry about lack of technical skills. You can set up an eBay store or a store on your own website easily.

Forex

The foreign exchange market now offers a lot of software programs that can run on autopilot for you so that you can make money on the exchange of foreign currency despite knowledge or services of a broker. Because currency fluctuations happen so regularly, there’s a great opportunity for people who know when to buy and when to sell. The dividends can really add up. It takes a lot of know-how to know just when to do that though so this hasn’t traditionally been a passive type of income program. But today, there are Forex robots available that run and manage your account for you so that you don’t have to set up brokers and pay brokerage fees. The software does all the trading and earns you money. There’s a lot of money to be made here but it requires an initial investment for the software and your trading account opening balance. Learn more about FAP robots here or watch the FAP video on the WAH Blog about page.

As you can see, there are a lot of ways to make income at home without sacrificing every waking moment. Only you can decide which opportunity is right for you but the most successful work at home professionals tend to have multiple streams of passive income.

3 Passive Income Writing Sites

If you like to write articles, you can make some decent income at it. My friend Maria makes about $1,500 a month on eHow. I’m not in the U.S. so can’t participate in eHow yet (I’m hopeful they’ll some day change that!) but I have other programs I do participate in such as:

-Bukisa

Bukisa wants your how to articles and videos and you’ll make $3.95 per 1000 page views. I started with this site in October and have already hit payout.

-Yuwie

I’m still learning about Yuwie but there’s lots to do in this social community so I’m checking it out. Not only do you get paid page views for things people do on your pages but for your own pages as well. The only downside I see so far is a LOT of ads to sift through and this comes up sometimes when I want to do something so having to bypass ads is slightly annoying.

-InfoBarrel

InfoBarrel is a lot like Bukisa or eHow but the site offers Adsense revenue sharing instead of per page view rates so this looks like it has the same type of potential as eHow which means you can make a lot of money. You can also see how much money you’ll make because you track it through your own Adsense account.

Making money through passive income streams works great because you can write something today that pays you indefinitely. In 2006 I wrote an article about a particular topic on a shared revenue site and it went viral and is still paying me about $30 a month via Google Adsense almost 3 years later!

Get Paid to Socialize with Yuwie

Yuwie is a site I joined a few months ago but have just started to dabble with it. It’s a site that pays you to socialize. It reminds me a bit of MySpace and it’s highly ad driven but I see some definite potential for self-promotion, networking and earnings. Check out Yuwie here.

It has blogs, games, clubs, chat and more and you get paid for page views by people that view your pages as well as your own usage on the site. Payments can be via PayPal with just a $5/minimum payout and you can make money by referring others.

How much money can you make?

Taken from Yuwie’s FAQ:

“We can’t say exactly, but here’s an example of what could happen. The chart below assumes you refer 3 people, and those 3 people refer 3, then those refer 3, through 10 levels, and each referral gets 1000 page views for the month, and the month’s RSR is $0.50.

Results are not guaranteed. This is just an example of what could happen”.

The more passive income streams, the better and this site also presents some great opportunities to promote your other websites (if you have any) through RSS feeds, profile links and the ability to post blogs that include links. How are you doing with Yuwie? Feel free to friend me if you do join.

http://www.yuwie.com/profile/?id=798491