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During this period that the one thing I wanted more than anything else, was a big fat epic record of all of the possible passive income flows there were.
Unfortunately no one has even until this afternoon made a complete list. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my head, my notes and the world wide interwebs!
PS if you want to cut to the chase you can get access to 3 of my preferred passive income thoughts here or you can check out 30 of my favorite real life passive income businesses here.
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Ie first you need to haul ass and do something mad, eg compose a quality 20,000 word blossom (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.
As you can observe passive income flows simply come from resources, and resources are bought with money (eg rental property) or even in the case of almost all of the ideas below, purchased through perspiration (eg ebook)!
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The much loved version for bloggers and content creators everywhere and for a good reasonits pretty easy to write a 60-80 page ebook, not difficult to market say $500 value a month through online networking, guest posting and your own SEO optimized site, and well you get to maintain a large whack of this pie after paying affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate commissions! Particularly in the event that you realize it can be even simpler to make money in this way than using an ebook. After all, you merely need to concentrate on pumping out some content for your own site and getting the traffic in, often via Google or societal media. Unsurprisingly, most people can enjoy their first affiliate sale within 30 days of starting a blog. Continue reading >.
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If you told me several years back that this would end up being my #1 source of passive income, I'd have slapped you silly and called the men in white coats to come take you away! And thats because back then selling products online was insanely complex and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only simple, but it can be extremely lucrative as Ive found out. Continue reading >
Investing is arguably the simplest way to make passive income. The problem is most investments sound great in theory but dont work out so well in training. And if you dont have much experience or access to capital, let alone the time to work out it, it can seem more or less hopeless. However, there's one clever way to recommended you read invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this idea on you, I have to say right up this is a looooot of job. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some fantastic operators online pull it off beautifully. But I must confess Ive never personally earned passive income from a setup similar to this before.
Ill be putting something together soon though as a working case study. However, in the meantime, I truly want to discuss this thought with you because it is rather fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense up in there. Continue reading >
Think easy Google-friendly content site with a high converting inquiry type for capturing information (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Build and SEO optimize a website for people looking to convert 8mm home videos to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And should you want to create a mainly info-based app there are plenty of easy to use apps online for DIYing this to get a few hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they include up to profit, outside of the exceptional few business operators who are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >