Passive income opportunities

I just got off the phone talking to a friend with whom I have not had much contact in the last few months. So we were catching up on old times and exchanging notes , talking about common friends etc. We started talking about the current state of the market and economy and how important it is to have a passive income stream. My friend is in the IT consulting business and is doing very well working for a big brokerage house on a critical project for them. He has also been active and has worked out a deal with some consulting companies by recommending some friends and contacts of his. He is getting paid for each hour they bill and will keep getting paid for the tenure of their contracts. He mentioned to me that he has this agreement with the consulting companies on paper. He has thus managed to create a nice passive income stream for himself which works for him even when he is not working.

The moral of the story here is that it is very important to keep looking for such opportunities. A lot of people would have recommnded their friends for jobs but very few would take the extra step of working with the companies for a referral fee. There are lot of such opportunities in everyday life that we come across , we just don’t pay attention to them. But people with an entrepreneurial spirit generally do.

There are people making decent amount of money selling stuff they no longer use on eBay. This is really not hard. It might not make you rich but definitely a good side income for you. I will be writing lots of posts on how to make money on ebay, by blogging , site flipping etc soon. So please stay tuned.

If you are looking for more information on referring friends to consulting companies and get paid please drop me a note , I will be more than happy to share with you. And if you are looking for someone to do any programming work for you ( website building, designing etc )  I have an excellent team that can help you out at prices you won’t believe.