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What Is A Passive Income Business?

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Melissa Houston is the author of Cash Confident: An Entrepreneur's Guide to Creating a Profitable Business, and the founder of She Means Profit.

The dream of generating a steady stream of income with minimal daily effort is shared by many. It's the allure of passive income that has led to an industry of self-help gurus and get-rich-quick schemes.

There are several viable business models you can explore to kickstart your passive income business. Each model requires different levels of upfront investment and ongoing maintenance. Here are a few ideas to get you started:Investing in stocks and bonds offers a practical path to earning passive income, assisting individuals in building their financial future.

Similarly, affiliate marketing presents a less hands-on approach but with potent earning potential. By promoting another brand’s products or services, savvy marketers earn commissions on what they sell.

 

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