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Add Passive Online Income To Your Multiple Sources Of Income

Saturday, September 4th, 2010

Passive Income Online – Add This To Your Multiple Sources Of Income

Is there really some way that you can receive passive income on the Internet? In general, I would have to say “NO!” but that’s not 100% true.

I discovered a passive online income system about 18 months ago, and it really is working for me. First, here are the limitations and my results so far:

Limitations – investment minimum $100 maximum $500
Results – this system was still in start-up when I joined, and has only been functional for about the past 12 months, so these are the results for the first year of operations: net investment (after paying the credit card and PayPal charges of US$4,40) US$ 95,60. Profit after one year about 7% – not great, but it is ramping up. Additional benefit: 5% of the profits go to the charity of my choice – in my case, to Phillips Academy in Andover, Massachusetts, where I spent three formative years (this is taken out on the front end, so it is already accounted for in my 7%).
Other hidden pluses and minuses: they do their bookkeeping in Canadian dollars but also keep things open to US dollar transactions – for me it’s a little confusing, but the system is working. My investment was in US dollars via PayPal, but my inventory is accounted for in Canadian dollars.
I can continue to invest either US or Canadian dollars until I reach a combined total of $500 – that’s the upper limit for everybody. That means nobody can take over the system and force everybody else out.

How do these people make the money? Well, in essence, we members are buying portions of the inventory of a large second-hand retail western Canadian operation (British Columbia) that buys memorabilia, surplus, and used items in good-to-excellent condition and resells them online and offline in their own store. In the bookkeeping, the goods are divided up into maximum CAD 10,00 shares, and you will hold maximum CAD10 in any one product. This spreads both the risk and the benefit.

At this time, my USD 95,60 is invested in 15 different items, ranging from a lady’s shirt dress to an old paperback novel to a “VICTORIAN Antique Eastlake 3pc Settee & 2 Chairs Circa Late 1800′s” (sales price CAD 1100) to an “ULTRAPULSE MARK I Ultra Sound Imaging Equipment” (sales price CAD 25’000). Assuming all these things sell (and I’m sure they will, with time), the net profit to me would be almost CAD 95, a better than 91% return on my investment AFTER my charity receives CAD23,60.

I think this is a good deal.

Your profits will be reinvested until you reach the maximum investment level, then they will be paid out automatically – since you are not allowed to add any more than $500 (US or CDN) capital.

This is a real autopilot “no brainer”. All you have to do is put your money in, and then collect it when you feel like it!

This really is Passive Online Income!