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My simple understanding of the term “Passive Income” is: “Income created from NO or minimum work” 
If you think hard enough if Passive Income more than your Expenses will brings you Financial Freedom.
This is “my naive but true” quotations:
Passive incomes can be created through online and also offline.
Online Passive Income Ideas:
1 ) Affiliate Marketing
Affiliate marketing is a method of promoting web businesses in which an affiliate is rewarded for every transactions provided through his/her efforts which is usually driving traffic from their sites to the sales page.
Popular sites that offer affiliate programs:
2 ) Information Products
Create a “How To” information product is a far most easiest and affordable type of passive income.
3 ) Create Softwares
Develop a softwares, scripts and applications that helps to simplified certain process/task.
Hire a programmer if you need to.
4 ) Advertising Income
Earning advertising income by placing contextual advertisement in your blog / website.
Popular Advertising Network:
5 ) Membership Sites
Charge a monthly recurring income by sharing your skills/knowledge in a membership sites.
6 ) Become a Reseller
Sell reseller hosting account and create a recurring income every each month.
Popular Reseller Hosting:
7 ) Graphic / Photographer
If you are a graphic designer or a photographer, submitting your graphics/photos to sell online.
Offline Passive Income Ideas:
1 ) Rental From Property
2 ) Book Publishing
3 ) Music Publishing
4 ) Become an Inventor
5 ) Become an Insurance Agent
6 ) Vending Machines
7 ) Stock Investing
8 ) Bond Investing
9 ) Create a Franchise
10 ) Self Storage Facility
11 ) Become a Money Lender
12 ) Bank Savings
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9 Comments Received
June 18th, 2008 @1:07 pm
Thanks for this article on passive income… my favorite topic!
June 18th, 2008 @3:43 pm
Great list of ideas you have here!
Looking forward for more updates!
Mark
June 18th, 2008 @3:49 pm
Hi! Kevin,
It is becoming my favorite topic also.
“Don’t Live To Work”
Zach
June 18th, 2008 @3:50 pm
Thanks, Mark!
I will keep more updates soon.
Cheers… Zach
June 22nd, 2008 @1:30 pm
Hi Zachary.
Passive income is the way to go. Trouble is many don’t understand what it is or how to get it.
I have seen what friends have done and they are showing me how it works. My friend Ken is very successful at creating passive income.
I will share his knowledge with you. John
http://www.blacktienoni.com
July 2nd, 2008 @8:51 am
Hi Zach,
Great ideas for both online and offline. Got to learn from you.
Poh Heng
July 7th, 2008 @9:48 pm
Great info on passive income streams. The affiliate marketing seems like a great opportunity, but getting a ton of traffic is needed. I like your premise that cutting back on expenses can lead to prosperity as well. Great job on your site. I stumbled it!
August 3rd, 2008 @4:01 am
I agree affiliate marketing, as well as mlm, is a great way to earn passive income.
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