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During this time that the one thing I wanted more than anything else, was a big fat epic list of ALL the potential passive income flows there were.
Unfortunately no one has even until this day made a complete list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income stream from my mind, 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 right 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 ebook (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.
Because you can observe passive income flows simply come from resources, and assets are either bought with money (eg rental property) or even in the event of most of the ideas under, purchased through perspiration (eg ebook)!
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The much adored version for bloggers and content creators everywhere and for a fantastic reasonits pretty simple to write a 60-80 page ebook, not difficult to market say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep description a large whack of this pie after paying affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate commissions! Especially if you understand it can be even easier to earn money this way than using an ebook. After all, you simply need to concentrate on pumping out some content for your own site and getting the visitors in, often via Google or social websites. Unsurprisingly, most people can enjoy their very first affiliate sale within 30 days of starting a site. Continue reading >.
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If you told me a few years back that this might end up being my #1 source of passive income, I'd have slapped you silly and called the men in white coats to take you away! And thats because back then selling goods online was insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
But now thanks to Amazon, this is not only easy, but it can be particularly rewarding as Ive found out. Continue reading >
Investing is possibly the easiest way to make passive income. The issue is most investments sound great in theory but dont check it out work out so well in training. And if you dont have much experience or access to funding, let alone the opportunity to work it all out, it can seem more or less impossible. However, there is one smart way to invest that just may work. Continue reading .
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Were talking a members-only multimedia-driven website . And before I even dive into this thought on you, I must say right up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I love this idea and Ive seen some great operators online pull it off beautifully. But I must confess Ive never personally earned passive income by a setup like this before.
Ill be putting something together soon though as a working case study. But in the meantime, I truly want to share this idea with you since it is rather fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense upward in there. Continue reading >
Think easy Google-friendly content site with a high converting inquiry form 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 produce a mainly info-based app there are plenty of simple to use apps online for DIYing this to get a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they include up to gain, outside of the exceptional few business operators that are tricky at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >