Types of passive income streams - , who blogs at smart passive income and discusses his secrets at the smart passive income podcast, defines passive income as “building online businesses that take advantage of systems of automations that allow transactions, cash flow and growth without requiring a real-time presence. You're musically inclined, one idea for generating some passive income could be to create jingles or audio tracks that you can then license out through popular websites such as audio socket, sound cloud or song freedom, just to name a few. Clearly there is some maintenance involved in this and it's not fully passive, but it is a great resource for earning a respectable amount of monthly cash flow depending on the volume of atms you're able to setup. Out these great deals on high yield money market funds:Annuities – annuities are an insurance product that you pay for but can then provide you passive income for life in the form of monthly payments.
Learning how to make money online with passive income can be difficult if you have no experience or mentors to teach you how.