Passive Income – Income that you get by doing “nothing.” An automated system is set up that will generate your income by literally doing nothing. Getting paid with no effort at all.
Active Income – Income only comes in when you do “work”. This type of income is not automated which requires work in order to get paid. (9 – 5 Job)
|Online Business Brick and model · Automated · Open 24/7 · Work from anywhere · Time and location freedom · Passive income · Small startup cost · Future model of business · Stressful · Only local customers · Hours of operation · No free time or location freedom · Active income · Huge startup cost · Consistent work · Old business model|
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