How to receive multiple streams of passive income? # 1

This article is part of a series that I wrote about this subject. You can read the complete series in my website.

1. Write a book. Writing can make you money. Focus on something that you know a lot about. It could be related to your job, life experience, school work, hobby, etc. Take a piece of paper and write down the subjects that you are knowledgeable about.

Then write a few sentences or paragraphs about this subject. This will be the summary for your book. If you sell it online like an e-book it doesn't need to be long. A few (20 - 30) pages will do the trick. Create a few graphics to complement your descriptions and you are on your way to establishing your first stream of income.

Now, there is more to it than just this. How are you going to publish it? What is going to be your target market? How are you going to collect the royalties? How are you going to advertise it? I will tell you all of this later. I am only giving you basic ideas now.

Do you think that you are not really knowledgeable in a specific subject? You are probably wrong. Everyone knows something about some topic that others don't know much about. You don't have to be the exception.

What if you can't type. I will also tell you how you can hire people to do the job for you, but then it will cost you money. It is better if you can do it yourself. Otherwise, you can also choose another way to generate passive income, like the ones that I describe in my other articles.

There are websites on the Internet where you can hire freelance writers. When you post a project on these websites, people bid on them. You can choose your writer based on his/her bid, qualifications, etc. This is just an idea of how you can develop your projects without actively working on them. There are other ways to do it.

I will give you an example of what could be profitable for a writer that is focusing on the money. Let’s say that you write a book and it becomes profitable. You start making good money from the sale of that book. Then you can use a portion of those profits to hire writers and write more books for you. Then you could write more books if you want, but maybe it won’t be necessary. The thing with books is that however you do it, you could own several of them, and every book may become a passive stream of income.

By: Nathaniel Tabares
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