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A Simple Method to Create Passive Income

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A consistent constraint we all have is . We all have the same amount. We can create other things we consider to be precious.

Money and energy are two examples of this. Time is the only one we have no way of creating more. Since time is our only real constraint, we need to find ways to leverage it. An example of this is residual income situations.

Certificate of Deposits that pay reasonable interest fit this requirement. To truly capitalize on this one you need an up front amount of cash that most people don't have. There are other processes that provide the chance to develop your own. The steps are easy so don't make it too complex

Just about anything you are really good at can be used to develop one. Let's look at an example

Quilting is your passion. Friends love to see them. They often talk about you should sell them. You just don't see making quilts as something you want to do for a living.

Because of the time requirement, each one wouldn't produce enough profit to live on. So how can you utilize this skill? How can it create a passive income stream?

Organize a local class to teach people how to make them. The class would generate some revenue but would still be limited by geography. You probably wouldn't find enough people interested to make it a full time business. During the class make sure and record it. You may want to get some help in recording it so you can focus on teaching.

Now all you need is a website, a way to take payments and a delivery method to sell your new video. You could even start an ongoing membership site to provide new patterns and ideas to clients.
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