Residual and Passive Online Income, Is There really A Difference?
Passive Income - Income that is earned through investments, real estate or certain internet ventures. View yourself being passive and what do you see? That is just how passive income works.
When you look at these definitions, you can see that residual income can be called passive income under most conditions, but the reverse is never the case. You are looking at residual income that will turn passive with time once you have put significant work into making the money.
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Residual Income - Payments made to an individual based on a specific time table after a sale. Not an on-line example, royalties are considered to be residual income.
Residual Income - Payments made to an individual based on a specific time table after a sale. Not an on-line example, royalties are considered to be residual income.
There are so many trendy phrases on-line, as well as jargon that is too technical for the average user, that sometimes it is hard to decipher it all. Even with something so easy as passive income and residual income.
Let us begin by going to the most basic difference, the definitions of both.
When you are looking at making money online, there are some methods that are 'passive' and some that are 'residual'. Let us take a look at some from each category.
Passive Income Methods:
Once these methods of making money are in place, you sit back and have no further investment of time or money ahead of you. You simply enjoy the income.
Pay Per Click advertising, or PPC advertising, is a passive way to get income. Once that has been set up with a PPC advertising service, no time or effort is required on your part.
Search Engine Optimization, also known by the acronym SEO, is a passive way to get income. Whether you are selling products, a service, or just information, you can get passive income just by getting those people to your site once it has been created.Residual Income Methods:
1. Selling anything on-line, whether it is a good or service, where the fee is automatically renewed every so often is a residual way to make income.
2. Network advertising which requires you to go out and get customers or find representatives to get customers, from which you earn commissions every month is a residual way to make income.
Even with something so easy as passive income and residual income.
Passive Income - Income that is earned through investments, real estate or certain internet ventures. Search Engine Optimization, also known by the acronym SEO, is a passive way to get income. Whether you are selling products, a service, or just information, you can get passive income just by getting those people to your site once it has been created.
Affiliate programs fall somewhere between the two. Sometimes they will take very limited effort on your part, even from the start, so can be considered passive. There are times when a great amount of effort is put forth on your part and payments will be made in such a way that they would be considered residual.
Pay Per Click advertising, or PPC advertising, is a passive way to get income.
No matter which road you choose, both passive and residual income are great ways to supplement your income or raise the level of your lifestyle. With research, practice, and a little bit of terrific
luck, you can make a good amount of money with either.
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