Before we dive head first income passive income, let's explore what active income is. It's income that is directly linked to you doing the work. Think of working with 1:1 clients, selling a product in person or even the dreaded "9-5" job. You're paid based on the work you do.
What is passive income? Passive income is a way to earn money on a regular basis that requires minimal effort from you to maintain it. Let me caveat this with saying that passive income does need some work, but it is not dependent on the hours you put in to get paid (i.e., active work).
Passive income can come in various forms. Such as intellectual property (ebook, e-courses, training, etc.), affiliate commissions, investing, and more.
There's a misconception that only certain businesses, such as creative business, can create passive income streams. That is a total myth! I firmly believe that any business can create passive income. It doesn't matter if you're an online service provider, a creative entrepreneur, a local business or even in Direct Sales, Multi-Level Marketing or Network Marketing. You can create passive income.