Mike Carraway is announcing the release of his new book Passive Profit Machines which is available in both a digital version and in hardcopy from Amazon.com.
Online PR News – 16-September-2011 – – Bimingham, AL Mike Carraway is announcing the release of his new book Passive Profit Machines which is available in both a digital version and in hardcopy from Amazon.com. The book describes 11 ways people can setup and enjoy passive income streams using only the Internet.
Complete details on the book can be found at http://www.passiveprofitmachines.com.
Most of the 11 passive income streams covered in the book can be setup and started with minimal time and no money needed. Author Mike Carraway feels very strongly about the power of passive income ( http://www.passiveprofitmachines.com ) streams.
“Passive income has features that almost all other sources of income don’t have. One of them is after it is setup you don’t do anything and the money keeps coming in,” Carraway said. “For example 5 or 6 passive income streams that generate on average $25 per month each, that’s $125 to $150 in extra income that comes in consistently without having to invest additional time into it.”
He went on to add that if you pick an income stream that is scalable, as many are online, you can do a few extra things to make each income stream generate $50 per month. From those 5 or 6 income streams you now have $250 to $300 per month that will continue to come in.
You have to have several different passive income streams going for you as well. “Just like with any other kind of investing you need to diversify. So when one income stream may be slow another can be generating you income. That is why I cover 11 passive income streams in my book,” added Carraway.
Another major point that the author addresses is the fact that you don’t need much money at all to start a passive income stream. Most of the passive income streams online require zero initial investment.
“One thing we have always been taught when we were children is that it takes money to make money. Things like real estate for example take large amounts of cash to get started. Passive income has always been reserved for those with lots of money on hand to spend, but Passive Profit Machines will show you how to generate that passive income with the lowest investment possible of both time and money,” said Carraway.
To get started with your own passive income streams online make sure you pick up a copy of Mike Carraway’s new book Passive Profit Machines at http://www.passiveprofitmachines.com.
“The secret to my success with passive income streams online is simply that I used the right models and my book gives you 11 proven passive income stream generators.”