‘Passive Income Blueprints: 5 Business Models for Any Niche’ – Small Business Trends
Sujan Patel says, “Have you ever looked at people who claim to earn tons of money for very little work and asked yourself, “What’s their secret?”
Well, I’ll tell you.
Their secret is almost always passive income.
Passive income describes earnings derived from something that, once it’s up and running, requires little — if any — work to maintain. Its opposite is active income, which refers to income that stops coming in when you stop working.
The reason some people can become so successful through passive income is the fact that there’s nothing really stopping them from adding to their portfolio of income streams.
There are some people that survive entirely on passive income. Most people, however, including myself, use it to supplement their active income”.
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