Defining passive income- It is essential to firstly establish exactly what passive income is and what the concepts around the income type are before we can discuss the passive income opportunities available. Passive income also commonly referred to as residual income refers to income obtained at regular intervals, employing little to no effort to generate. The income type is unfortunately taxable under United States tax laws and may also be considered a result of capital growth by some Financial Institutions.

Secret to opportunity- The secret to passive income success lies in research and identification of recurring income source, in other words a source which will pay your for every sale or purchase. If you decide on Affiliate programmes as your passive income source, you need to firstly establish who your target market will be and to approach them as tactfully as possible.

Passive income advantages- Passive income has some major advantages in the form of working hour independence, freedom of choice in terms of work hours and location, multiple income streams will mean pay raises when you need them, retirement can be funded easily, income levels are unlimited and more time will be available for you to spend doing what you love most.

Online passive income opportunities- Online passive income opportunities are endless and can range anything from affiliate programming, information products such as ebooks, software products, advertising commissions, pay per click campaigns, referrals, membership sites and reselling.

Internet opportunities- The internet with its immense fan and user base is undoubtedly the world most lucrative money making source. Affiliate programmes are most probably the number one business model choice in terms of passive income opportunities. Affiliate software costs range from free to inexpensive, initial business setup is uncomplicated and cheap, support is readily available, business overheads are minimal with no office rental, leasing of computers and other equipment required.

Defining affiliate programmes- Affiliate programme income is derived from web pages advertising merchants’ products. The Affiliate company provides the member with the products, track sales and then calculates the commission due. Its recommended that you go with company’s who offer substantial sales commissions and who will track multiple sales clients for extended periods to ensure recurring commissions for the member. Multiple tier sales commissions are highly recommended.

Difference between residual income- and traditional affiliate programmes- The only difference between residual income- and traditional affiliate programmes is the fact that commission is received regularly for residual income programmes, while affiliate programmes are once off payers.

Programme types- Three affiliate programme types can be selected from namely Pay Per Click which will pay affiliate member compensation according to merchant website visits, Pay Per Sale upon which affiliate members will be compensated according to the percentage successful referred merchant product or service purchases and Pay Per Lead in terms of which the member will get paid for qualified or unqualified leads

Possible bonus payment- Some affiliate programmes make bonus payments referred to as sales tiers, to members on several levels, instead of just normal commission.

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