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During that period that the one thing I wanted more than anything else, was a large fat epic list of all of the potential passive income streams there were.
Unfortunately no one has even until this day made an entire list. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income flow 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 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 out of resources, and assets are either bought with money (eg rental property) or even in the event of almost all of the ideas under, bought through perspiration (eg ebook)!
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The much adored model for bloggers and content creators everywhere and to get a good reasonits pretty simple to compose a 60-80 page ebook, not difficult to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to keep a large whack of this pie after paying affiliates. Hells yeah! Continue reading .
Who doesnt like some down and dirty affiliate commissions! Especially in the event that you understand it can be even simpler to make money in this way than using an ebook. In the end, you merely need to concentrate on pumping some content for your own site and getting the traffic in, often via Google or societal media. 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 you can look here ago that this would end up being my #1 source of passive income, I'd have slapped you silly and called up the men in white coats to take you away! And because back then selling products online was insanely complicated and time consuming. Pretty much as non-passive as a business receives. .
But now thanks to Amazon, this is not only simple, but it can be particularly rewarding as Ive found out. Continue reading >
Investing is possibly the simplest way to produce passive income. The issue is most investments sound good in concept but dont work out so nicely in practice. And if you dont have much experience or access to capital, let alone the opportunity to work it all out, it can visit this page appear more or less impossible. However, there's one smart way to invest that just might work. Continue reading .
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Were talking a members-only multimedia-driven website here. And before I even dive into this thought with you, I must say straight up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
I really like this idea and Ive sites seen some great 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 really want to share this thought with you because it's quite 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 simple Google-friendly content site with a top converting inquiry type for capturing details (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Construct and SEO optimize a website for people looking to convert 8mm home movies 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 program there are plenty of easy to use programs online for DIYing this for a couple hundred bucks. Continue reading >
Ive read so many blow-by-blow financial accounts of these businesses and in no way can they add up to gain, apart from 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 >